Japan’s manufacturing growth slowed in July; Industrial production dipped in June and unemployment rose
Jul 30th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Japan's seasonally adjusted Nomura/JMMA Purchasing Managers’ Index (PMI) remained above the neutral 50.0 threshold in July, pointing to a further improvement of operating conditions in the Japanese manufacturing sector. However, the index fell to a four-month low of 52.8, from 53.9 in June, to signal that the rate of improvement was only modest. Japan’s unemployment unexpectedly rose for a fourth straight month and industrial production in June fell the most in more than a year, signalling a slowing in the economic expansion.