Manufacturing sector growth in Japan moderated in July, a survey by Markit Economics showed Wednesday. The seasonally adjusted Markit/JMMA purchasing managers' index, that measures performance of the factory sector, fell to 50.7 in July from June's 28-month high of 52.3. PMI readings above 50 indicate expansion of the sector, while readings below 50 suggest contraction.
New orders increased for a fifth month running in July. New export orders also increased, but the pace of growth slowed since June. Both input and output prices increased in July, the survey found.
Source by Commodity Insights
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