<p>Preliminary and prior are here:</p><ul><li><a href="https://www.forexlive.com/news/japan-preliminary-march-2023-manufacturing-pmi-486-prior-477-20230324/" target="_blank" rel="follow">Jibun S&P Global Flash Manufacturing PMI from Japan in March 2023 is 48.6
prior 47.7</a></li></ul><p>The final comes in at 49.2, the fifth consecutive contraction. </p><p>In summary from the report:</p><p>Usamah Bhatti, Economist at S&P Global Market Intelligence, said: </p><ul><li>panel members signalling subdued market demand in both domestic and international markets</li><li>backlogs of work fell at a sharp pace for the sixth successive month</li><li>manufacturers were increasingly stockpiling finished goods, as the holdings of post-production inventories rose at the steepest rate since February 2009</li><li>further tentative signs that inflationary pressures were easing in March, as signalled by the slowest rate of input cost inflation since August 2021</li><li>selling price <a href="https://www.forexlive.com/terms/i/inflation/" class="terms__main-term" id="ad51a5a2-1afc-4f42-9e62-ea6faf6f90fa">inflation</a> remained sharp, and accelerated for the second month running as Japanese goods producers partially passed higher cost burdens on to clients</li></ul>
This article was written by Eamonn Sheridan at www.forexlive.com.
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