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- Flash Japan Manufacturing PMI down to eight-month low of 52.2 in July
Flash Japan Manufacturing PMI down to eight-month low of 52.2 in July
Flash Japan Manufacturing PMI down to eight-month low of 52.2 in July (52.4 in June).
Flash Manufacturing Output Index at 51.4 (52.2 in June). Weakest growth for 10 months
Export orders stagnate.
Commenting on the Japanese Manufacturing PMI survey data, Paul Smith, Senior Economist at IHS Markit, which compiles the survey, said: "July's survey data indicated a further easing of growth in both orders and output from May's recent highs. The slowdown was driven by stagnation in export orders, amid reports of weaker demand from South East Asia markets. "Nonetheless, the sector continues to add jobs, with employment growth remaining amongst the best since the financial crisis, whilst optimism hit its highest level in five years of data collection."
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