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Financial News: Japan Manufacturing PMI Rises To 40.1 In June

Japan Manufacturing PMI Rises To 40.1 In June - Jibun Bank

06/30/2020 - 20:55:00 (RTTNews)

(RTTNews) - The manufacturing sector in Japan continued to contract in June, albeit at a slower pace, the latest survey from Jibun Bank revealed on Wednesday with a manufacturing PMI score of 40.1.

That's up from 38.4 in May, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.

Individually, firms operated below full capacity dur to slow-moving order books.

Export demand continued to decline as Covid-19 disruptions lingers, although business sentiment rebounded into positive territory.

There were some mentions of an increase in demand from China.

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