July PMI survey data signals recovery is underway in Japan’s manufacturing; Deflation hits record; Unemployment at six-year high
Jul 31st, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
July PMI survey data provided further evidence to signal that a recovery is underway in Japan’s manufacturing economy. The seasonally adjusted headline Nomura/JMMA Purchasing Managers’ Index (PMI) rose to 50.4 in July, from 48.2 in the
previous month, pointing to the first improvement in operating conditions for seventeen months. Although only marginal, growth of the sector was slightly faster than the survey’s historical average. In other data released Friday, Japan hit a new record for core consumer price deflation in June, while unemployment hit a six-year high.
previous month, pointing to the first improvement in operating conditions for seventeen months. Although only marginal, growth of the sector was slightly faster than the survey’s historical average. In other data released Friday, Japan hit a new record for core consumer price deflation in June, while unemployment hit a six-year high.