August 2022

Factory growth in Japan in July slows as production and new orders contract

Japan’s production activity grew at the slowest rate in 10 months in July, as emerging tensions in value and disruptions at sources hurt production and new orders, suggesting there is still a long way to go to achieve a strong economy after the pandemic. Jibun Bank Japan Manufacturing’s Ultimate Purchasing Managers Index (PMI) fell to a seasonally adjusted 52. 1 in July from last month’s high of 52. 7. ask.

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