Japan PMI Manufacturing was finalized at 50.1 in June, up from May’s 38.4. Markit noted that firms still operate full capacity due to slow-moving order books. Export demand declines as coronavirus disruptions linger on. But business confidence rebounds into positive territory.

Joe Hayes, Economist at IHS Markit, said: “The chance of a V-shape recovery in the manufacturing sector appears slim at this stage, which opens up the possibility of a two-speed economy if the domestic-focused service sector shows more signs of activity.”

- advertisement -

Full release here.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.