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Economy

Japan's factory growth slowest in over one-and-a-half years, new orders weaken: flash PMI

Updated : July 24, 2018 07:15 AM IST

Japanese manufacturing activity expanded at the slowest pace in over 1-1/2 years in July, a preliminary private survey showed on Tuesday.
The flash Markit/Nikkei Japan Manufacturing Purchasing Managers Index (PMI) fell to a seasonally adjusted 51.6 in July from a final 53.0 in June.
The index remained above the 50 threshold that separates expansion from contraction for the 23rd consecutive month but declined to the weakest level since November 2016.
Japan's factory growth slowest in over one-and-a-half years, new orders weaken: flash PMI

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