2023-08-01 01:33:33 ET
-
The au Jibun Bank Japan Manufacturing PMI was revised upward to 49.6 in July 2023 from a flash reading of 49.4 but was lower than a final 49.8 in June.
-
The latest result also pointed to the sixth contraction in factory activity so far this year, amid sustained modest reductions in both output and new orders.
-
Meantime, foreign sales shrank for the 17th month but the rate of fall was the softest in nine months.
-
Finally, sentiment strengthened to a 1-1/2-year high, owing to hopes of further improvement in demand and new product launching.
-
Now read: Bank of Japan leaves key interest rate unchanged, pledges to make YCC more flexible ; Japan June retail sales rise 5.9% Y/Y; industrial output rebounds less than expected
For further details see:
Japan manufacturing PMI revised higher to 49.6 in July