Japan’s manufacturing activity slumps in June

The Japanese manufacturing activity condensed in June based on an primary survey, but uncertainties persist on declining exports and supply chain interruptions due to earthquake.

Japan Flash Manufacturing PMI by Markit/Nikkei closed at 47.8 this month from 47.7 in May. The initial index for new orders touched 45.8 in June from 44.7 in the previous month.

Markit said the earthquakes in April have negatively impacted the PMI. It added employment slid to its lowest in nine months into growth, indicating additional stimulus may be necessary to boost the economy.


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