Japan April Manufacturing PMI Surges to 54.9

Japan's flash manufacturing PMI jumped to 54.9 in April, surpassing the 51.1 forecast and March's 51.6.
The services PMI fell to 51.2, its weakest in nearly a year, dragging the composite PMI down to 52.4.
Input prices rose fastest since Jan 2023 on higher fuel and raw material costs, while business confidence fell to lowest since Aug 2020.
Export growth slowed to a four‑month low and new business rose modestly, supported by stronger manufacturing orders.