BBJP - Flash Japan PMI Shows Manufacturing Malaise Continues Into July
The start of the third quarter saw a further deterioration in Japanese manufacturing conditions, according to flash PMI, as new export sales continued to decline. Other survey indicators also added to the gloomy outlook, hinting that the sector is unlikely to see significant improvement in the coming months.
Export-led manufacturing downturn
The 'flash' estimate of the Jibun Bank manufacturing PMI, compiled by IHS Markit, rose to 49.6 in July, up from 49.3 in June, but nonetheless indicated a deterioration in the health of the manufacturing sector, which marked the fifth decline over the past