Japan Preliminary Manufacturing PMI (July) 48.8, falling back into contraction
Expected 50.2, Previous: 50.1
Services 53.5
Previous: 51.7
Composite 51.5
Previous 51.5
Japan’s manufacturing activity fell back into contraction in July
dragged down by rising uncertainty over U.S. trade policy and fresh tariffsOutput and new orders both declined
Japan’s services sector continued to outperform
53.5 is the fastest pace in five monthssupported by strong domestic demandexport orders declined for the first time in seven monthsand job growth in the sector slowed to a near two-year low
This article was written by Eamonn Sheridan at investinglive.com.