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The Straits Times
Japan s July factory activity grows at slowest pace in 5 months
The au Jibun Bank Flash Japan Manufacturing Purchasing Managers Index slipped to a seasonally adjusted 52.2 in July.PHOTO: REUTERS
Published6 hours ago
https://str.sg/33HC
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Japan s June factory activity expands at slowest pace in 4 months Reuters 22 hrs ago © Reuters/Toru Hanai FILE PHOTO: Smoke rises from a factory during the sunset at Keihin industrial zone in Kawasaki
TOKYO (Reuters) - Japan s factory activity expanded at the slowest pace in four months in June, in a sign momentum in the world s third-largest economy was levelling out before Tokyo is set to host the Olympic Games next month.
Activity for the private sector as a whole contracted for a second straight month due to the weaker reading for manufacturing and continued shrinking in the services sector, clouding the outlook for second-quarter economic growth in the country.
Market nudges higher in early trade; breadth strong
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