Japan Preliminary Manufacturing PMI (July) 48.8, falling back into contraction
- Expected 50.2, Previous: 50.1
Services 53.5
- Previous: 51.7
Composite 51.5
- Previous 51.5
Japan’s manufacturing activity fell back into contraction in July
- dragged down by rising uncertainty over U.S. trade policy and fresh tariffs
- Output and new orders both declined
Japan’s services sector continued to outperform
- 53.5 is the fastest pace in five months
- supported by strong domestic demand
- export orders declined for the first time in seven months
- and job growth in the sector slowed to a near two-year low
This article was written by Eamonn Sheridan at investinglive.com.