Japan’s July factory activity grows at slowest pace in 5 months
The au Jibun Bank Flash Japan Manufacturing Purchasing Managers’ Index (PMI) slipped to a seasonally adjusted 52.2 in July from a final 52.4 in the previous month, in a sign of a softer improvement in operating conditions.
The survey also showed the services sector continued to face severe conditions, with activity contracting at the fastest pace in five months and marking the 18th straight month of decline.
Bhatti said that meant overall private-sector activity fell at a faster rate in July than in the previous month.
“Employment levels in the Japanese private sector continued to expand, however the rate of job creation eased,” he added. “At the same time, input costs across the private sector rose at the fastest pace since September 2008.”
The au Jibun Bank Flash Services PMI index dropped to a seasonally adjusted 46.4 from the previous month’s final of 48.0.
The au Jibun Bank Flash Japan Composite PMI, which is calculated using both manufacturing and services, fell to 47.7 from June’s final of 48.9.