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Japan flash manufacturing PMI shows moderate surge slowdown in June
In June, Japanese manufacturing activity slowed because new orders ascended at the slowest pace for seven months, as a preliminary private poll disclosed on Friday. It points to a moderate weakening in domestic demand.
In June, the Markit/Nikkei Flash Japan Manufacturing Purchasing Managers Index went down to a seasonally adjusted 52.0, compared to May’s outcome of 53.1.
The index stood above the 50 threshold, separating contraction from expansion for the 10th consecutive month.
The index for fresh orders, including both overseas and domestic orders, slumped to a preliminary 51.3 from May’s reading of 53.4 just to hit the lowest value since November.
As for the flash index for new export orders, it inched down to 52.5 in June the previous month’s reading of 53.0.
The sink in the flash PMI index won’t probably dent ascending optimism as for Japan's economy.
The Bank of Japan has recently upgraded its total economic assessment as well as its view of consumption because soaring exports, sturdy factory output, to say nothing of a tightening labor market back surge.
Inflation data is the most important indicator that affects the central bank’s monetary policy.
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