Japan’s Manufacturing Sector Soars

by The Chicago Times Business Staff

December 1, 2021

TOKYO — Japan’s manufacturing sector showed the fastest rate of growth in nearly four years in November as output and order books improved as critical supply bottlenecks show signs of easing.

On a seasonally adjusted basis, the final au Jibun Bank Japan Manufacturing Purchasing Managers’ Index (PMI) in November increased to 54.5, the fastest rate of expansion since January 2018.

According to economist, Japanese manufacturers reported a significant deterioration in lead times, indicating that supply chain disruptions continued to impede activity in the sector.