Japanese Manufacturing conditions continued to deteriorate in July as output and new orders fell further; Price indices hit new highs
Jul 31st, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The seasonally adjusted Nomura/JMMA Japanese Manufacturing PMI (Purchasing Managers' Index) improved in July on last month’s near six-and-a-half year low of 46.5 but, at 47.0, remained well inside negative territory to signal another month of deteriorating operating conditions in the sector. It was the fifth successive month in which the PMI has posted below the 50.0 no change mark and the latest negative outcome largely reflected falling output and new orders.