FX.co ★ Japan Manufacturing PMI Revised Downward

The S&P Global Japan Manufacturing PMI was adjusted downward to 49.7 for August 2025, from an initial estimate of 49.9. Nevertheless, this figure remains higher than July's final reading of 48.9. This recent data signifies the thirteenth contraction in manufacturing activity over the last 14 months, primarily caused by reduced output and a continued decrease in overall sales. Notably, foreign sales have sharply declined for the fifth month in a row, amid the introduction of new US tariffs.