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In May, the United Kingdom's manufacturing PMI returned to the expansion range, and factory prices reached their largest increase in a year.
According to a survey released on Monday, the United Kingdom's manufacturing industry resumed growth last month after a long period of slowdown, but rising prices by businesses may make the Bank of England cautious about cutting interest rates.
Japanese Yen Receives Pressure After Dovish Comments From Minister Shindo
The Japanese Yen moves sideways as investors adopt caution ahead of ISM Manufacturing PMI
Japan's Shindo: Real Economic Growth of 1.3% in FY 2025 Is Not so Unrealistic
Japanese Economy Minister Yoshitaka Shindo said on Monday that the government will “continue efforts for primary balance to reach within surplus territory in FY 2025.”
Japan's Manufacturing PMI Revised Lower in May
The headline au Jibun Bank Japan manufacturing purchasing managers' index, or PMI, was revised lower to 50.4 in May from an initial reading of 50.5 but still exceeded the 49.6 recorded in April, S&P Global reported Monday.
Japan's Firms Trim Spending, Reflecting Headwinds to Growth
Japanese companies trimmed capital investment in the first quarter, a result that likely indicates revised data due next week will continue to show the economy contracted in the period.
Japan's Capital Outlays Fall, Reflecting Headwinds to Growth
Japanese companies trimmed capital investment in the first quarter, a result that likely indicates revised data due next week will continue to show the economy contracted in the period.