By using this site, you agree to the Privacy Policy and Terms of Use.
Accept

News Junction

Notification Show More
Font ResizerAa
  • Home
  • World News
    World NewsShow More
    Philippine president’s allies on course for most available Senate seats in election 
    Philippine president’s allies on course for most available Senate seats in election 
    May 12, 2025
    Zelenskyy agrees to meet Putin
    Zelenskyy agrees to meet Putin
    May 12, 2025
    Pope Leo calls for end to polarising ‘war of words’ in address to media | World News
    Pope Leo calls for end to polarising ‘war of words’ in address to media | World News
    May 12, 2025
    Assessing Putin and the ‘Axis of Authoritarians’
    Assessing Putin and the ‘Axis of Authoritarians’
    May 12, 2025
    Kurdish PKK to disband, potentially ending decades of conflict in Turkiye | News
    Kurdish PKK to disband, potentially ending decades of conflict in Turkiye | News
    May 12, 2025
  • Business
    BusinessShow More
    Ukraine blows up bridges to consolidate its positions in Russia
    Ukraine blows up bridges to consolidate its positions in Russia
    August 18, 2024
    Commentary: AI phones from Google and Apple will erode trust in everything
    Commentary: AI phones from Google and Apple will erode trust in everything
    August 18, 2024
    The most famous Indian Dishes – Insights Success
    The most famous Indian Dishes – Insights Success
    August 18, 2024
    Life on the road as a female long rides cyclist
    Life on the road as a female long rides cyclist
    August 18, 2024
    UK inflation rises to 2.2%
    UK inflation rises to 2.2%
    August 18, 2024
  • Cryptocurrency
    CryptocurrencyShow More
    Is VET poised for a 300% surge?
    Is VET poised for a 300% surge?
    May 12, 2025
    Cardano bulls set eyes on  as institutional adoption grows amid BTC integration
    Cardano bulls set eyes on $1 as institutional adoption grows amid BTC integration
    May 12, 2025
    Sonic Labs Announces M Token Sale to Galaxy for U.S. Expansion
    Sonic Labs Announces $10M Token Sale to Galaxy for U.S. Expansion
    May 12, 2025
    นักวิเคราะห์ลั่นอย่าพลาด Dogecoin จะเด้งแบบพาราโบลาสัปดาห์หน้า!
    นักวิเคราะห์ลั่นอย่าพลาด Dogecoin จะเด้งแบบพาราโบลาสัปดาห์หน้า!
    May 12, 2025
    Zcash (ZEC) Tops Key Supply Zone. What Next for the Privacy-Focused Token?
    Zcash (ZEC) Tops Key Supply Zone. What Next for the Privacy-Focused Token?
    May 12, 2025
  • Technology
    TechnologyShow More
    How to Improve Your Spotify Recommendations
    How to Improve Your Spotify Recommendations
    August 18, 2024
    X says it’s closing operations in Brazil
    X says it’s closing operations in Brazil
    August 18, 2024
    Supermoon set to rise: Top tips for amateur photographers | Science & Tech News
    Supermoon set to rise: Top tips for amateur photographers | Science & Tech News
    August 18, 2024
    Scientists Want to See Videos of Your Cat for a New Study
    Scientists Want to See Videos of Your Cat for a New Study
    August 18, 2024
    OpenAI’s new voice mode let me talk with my phone, not to it
    OpenAI’s new voice mode let me talk with my phone, not to it
    August 18, 2024
  • Entertainment
  • Sports News
  • People
  • Trend
Reading: Japan’s factory activity falls on soft orders – PMI
Share
Font ResizerAa

News Junction

  • World News
  • Business
  • Technology
  • Cryptocurrency
  • Trend
  • Entertainment
Search
  • Recent Headlines in Entertainment, World News, and Cryptocurrency – NewsJunction
  • World News
  • Business
  • Cryptocurrency
  • Technology
  • Entertainment
  • Sports News
  • People
  • Trend
Have an existing account? Sign In
Follow US
News Junction > Blog > Business > Japan’s factory activity falls on soft orders – PMI
Japan’s factory activity falls on soft orders – PMI
Business

Japan’s factory activity falls on soft orders – PMI

Published August 1, 2023
Share
2 Min Read
SHARE

TOKYO – Japan’s factory activity contracted at a faster pace in July, a business survey showed on Tuesday, taking a hit from soft orders amid weakening global economic conditions.

The final au Jibun Bank Japan manufacturing purchasing managers’ index (PMI) fell to 49.6 in July, slightly higher than flash 49.4 but down from 49.8 in June.

The decline was largely due to a deterioration in new orders, given weak customer demand from domestic and overseas markets, said Usamah Bhatti at S&P Global Market Intelligence, which compiled the survey.

Output, another major component of the headline index, kept shrinking albeit at a slower rate than in June. Data on Monday showed Japan’s factory output grew in June for the first time in two months thanks to solid auto production.

Subindexes gauging new orders and output both stayed in the sub-50 territory in June for a second month. A reading below the 50 line indicates a contraction.

Japan has to date weathered worsening global economic conditions relatively well thanks to robust domestic service activity and ultra-loose monetary policy. Export-reliant manufacturers, however, have suffered from slowing demand overseas.

On a brighter note, the S&P survey showed easing cost pressures for companies thanks to sliding fuel and commodity prices.

“There were sustained signs that inflationary pressures were easing in July, as signalled by the slowest rate of input cost inflation since February 2021 to a reading that was broadly similar to the long-run series average,” Bhatti said.

Looking a year ahead, manufacturers’ output expectations remained upbeat, with the subindex in line with June’s reading, which was the strongest since October 2021.

Hopes for a sustained improvement in demand as well as the fading economic impact of the pandemic and inflationary pressures contributed to the positive outlook, the survey showed.

(Editing by Sam Holmes)

#Japans #factory #activity #falls #soft #orders #PMI

TAGGED:activityfactoryfallsJapansordersPMISoft
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Uwerx Eclipses PEPE As It Reaches Hard Cap Presale Uwerx Eclipses PEPE As It Reaches Hard Cap Presale
Next Article Chinese zoo forced to deny bear is a person Chinese zoo forced to deny bear is a person
- Advertisement -

Latest Post

Philippine president’s allies on course for most available Senate seats in election 
Philippine president’s allies on course for most available Senate seats in election 
World News
Is VET poised for a 300% surge?
Is VET poised for a 300% surge?
Cryptocurrency
Cardano bulls set eyes on  as institutional adoption grows amid BTC integration
Cardano bulls set eyes on $1 as institutional adoption grows amid BTC integration
Cryptocurrency
Zelenskyy agrees to meet Putin
Zelenskyy agrees to meet Putin
World News
Sonic Labs Announces M Token Sale to Galaxy for U.S. Expansion
Sonic Labs Announces $10M Token Sale to Galaxy for U.S. Expansion
Cryptocurrency
Pope Leo calls for end to polarising ‘war of words’ in address to media | World News
Pope Leo calls for end to polarising ‘war of words’ in address to media | World News
World News
- Advertisement -

You Might Also Like

XRP Is Surprisingly Stable, Here’s Why By U.Today
Business

XRP Is Surprisingly Stable, Here’s Why By U.Today

February 4, 2024
Heineken® Says “Cheers To The Real Hardcore Fans,” – But They Aren’t Who You Think
Business

Heineken® Says “Cheers To The Real Hardcore Fans,” – But They Aren’t Who You Think

February 8, 2024
Ron DeSantis drops out of White House race and endorses Trump
Business

Ron DeSantis drops out of White House race and endorses Trump

January 22, 2024
Secrets of Success: Ian O’Connor – Managing Director, Eskuta
Business

Secrets of Success: Ian O’Connor – Managing Director, Eskuta

January 30, 2024

About Us

NEWS JUNCTION (NewsJunction.xyz) Your trusted destination for global news. Stay informed with our timely and accurate reporting on diverse topics, including politics, technology, science, entertainment, sports, and more. Count on us for unbiased and reliable updates at your fingertips.

Quick Link

  • About
  • Disclaimer
  • Privacy Policy
  • Terms of Use
  • Contact

Top Categories

  • World News
  • Business
  • Technology
  • Entertainment
  • Cryptocurrency
  • Sports News
  • Trend
  • People

Subscribe

Subscribe to our newsletter to get our newest articles instantly!

    © 2023 News Junction.
    • Blog
    • Advertise
    • Contact
    Welcome Back!

    Sign in to your account

    Username or Email Address
    Password

    Lost your password?