Macro EconomyMedium•1 October 2026•
1 min read
Japan Manufacturing PMI Hits Six-Month Low in September
Key Facts
1Japan’s Manufacturing PMI eased from 54.9 to 54.1 in September, marking a six-month low.
2Output growth slowed to its weakest pace in three months, while new orders lost momentum.
Japan’s Manufacturing PMI eased from 54.9 to 54.1 in September, marking its lowest level in six months. ActionForex reported that output growth slowed to its weakest pace in three months, while new orders lost momentum during the period.
The slowdown was driven by customers adjusting inventories following a period of stock accumulation, which cooled new order growth despite the sector remaining in expansion territory. Regarding monetary context, the Bank of Japan released its Monetary Policy Meeting Minutes on September 27, 2026, as manufacturers continue to navigate input cost pressures.