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Japan manufacturing PMI falls to 8-month low as export orders stall

On the positive side, employment index rose to a preliminary 53.4 from 53.2 in the previous month

Reuters  |  Tokyo 

Growth in Japan's manufacturing activity slowed for the second straight month in July, a preliminary private survey showed on Monday, as export demand stagnated. The Markit/Nikkei Japan Flash Manufacturing Purchasing Managers Index (PMI) fell to 52.2 in July on a seasonally adjusted basis from a final 52.4 in June. The reading was an eight-month low, but remained well above the 50 threshold that separates expansion from contraction for the 11th consecutive month. "The slowdown was driven by stagnation in export orders, amid reports of weaker demand from South East ...

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First Published: Mon, July 24 2017. 11:59 IST