FX.co ★ Japan Manufacturing PMI Revised Slightly Higher

The S&P Global Japan Manufacturing PMI was adjusted to 48.5 for September 2025, reflecting a slight upward revision from the initial estimate of 48.4, but it remains below the 49.7 recorded in August. This latest figure represents the 14th contraction in manufacturing activity within a span of 15 months, marking the most significant decrease since March due to a more pronounced fall in overall new orders. On the employment front, companies increased staffing levels at a notably reduced rate, indicating weakening demand conditions.