Japan PMI Manufacturing rose to 46.6 in August, up from 45.2, above expectation of 45.0. PMI Services edged down to 45.0, down from 45.4. PMI Composite was unchanged at 44.9.
Bernard Aw, Principal Economist at IHS Markit, said: “The prospect of a solid recovery remains highly uncertain as Japanese firms were pessimistic about the business outlook on balance during August. Rising unemployment may also hit domestic household income and spending in the months ahead.”
