FLAU - Sustained Services Growth In Japan And Australia Manufacturing Sector Under Pressure
- While the easing of COVID-19 disruptions in Japan and Australia supported the sustained growth of services business activity, both countries saw manufacturing sector trends deteriorate midway into the second quarter amid heightened supply chain constraints.
- The deterioration of manufacturing sector performance had been apparent across both Japan and Australia midway into Q2.
- Overall sentiment about the future in both Japan and Australia meanwhile remained optimistic in May, according to the flash data for these APAC economies, indicating positive expectations for business activity growth in the next 12-month period.
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Sustained Services Growth In Japan And Australia, Manufacturing Sector Under Pressure