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- Japan’s index of business activity in the manufacturing sector rose slightly
Japan’s index of business activity in the manufacturing sector rose slightly
The index of business activity in the manufacturing sector in July amounted to 49.3 points, which is slightly higher than the previous value of 49.0. Nikkei PMI provides a preliminary assessment of the health of the manufacturing sector in Japan - an important indicator of business conditions and the general economic conditions in Japan.
This indicator is below 50 for the fifth month in a row on a background of weak demand. In addition, the strong yen is a negative impact on exports.
Production and new orders fell again, but at a slower pace. Slightly more positively proved the employment component, which has recently reached a historic high.
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