Japan Flash PMI Signals Record Price Rise And Fading Growth Amid Ongoing War In The Middle East
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Markit3.74K FollowersFollow5ShareSavePlay(4min)CommentsFollow us on Google for the latest stock newsFollow Seeking Alpha on Google for the latest stock newsSummaryThe headline S&P Global Japan PMI Composite Output Index slipped from 53.0 at the end of the first quarter to 52.4 in April, according to the ‘flash’ reading.Business activity across the service sector rose at only a modest pace that was the slowest in 11 months.Signs of the war impacting supply chains and purchasing behaviour were provided by several of the PMI’s sub-indices. Dilok Klaisataporn/iStock via Getty Images The S&P Global Flash PMI® for Japan indicated the largest rise in selling prices recorded since comparable data were first available in 2007. Price hikes were often linked to the war in the MiddleThis article was written byMarkit3.74K FollowersFollowIHS Markit (Nasdaq: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 key business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.