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25th Mar 2022 00:00China+, Daily Monitor

  • We think Japan's flash manufacturing PMI was mostly bad news, despite a bounce in the headline.
  • Forward-looking components turned south, and we expect the final print, and next month's, to be softer.
  • A drop in new export orders is another signal that global trade is struggling amid renewed shocks.

boj chinese demand energy export orders exports final pmi fuel government January manufacturers manufacturing manufacturing pmi March May monetary policy new export orders pmi pmis policy q1 q4 service sector trade

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Keywords for: Japanese PMIs Add to Evidence of a Slowdown in Global Trade

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