Japan’s factory activity decelerates in June

23.06.2021 - Petr Mazaylo
Japan’s factory activity decelerates in June

An expansion seen in Japan’s manufacturing sector decelerated the sharpest in four months ended June. The decline could possibly be from flat lines that the world’s third-largest economy was experiencing ahead of Tokyo’s Olympic Games in July.  

The au Jibun Bank Flash Japan Manufacturing Purchasing Managers’ Index (PMI) was read at a seasonally adjusted 51.5 in June. The figure placed lower than the 53.0 reading in May as a sharp contraction in output took a tool on the sector. As for output, it also plunged at the quickest pace since last November, the PMI survey showed.

The private sector’s factory activity retained its second month of decline as subdued manufacturing figures and a deepening decline in the services sector restricted growth. This, in turn, clouded the outlook for the country’s second-quarter economic rebound.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from umarkets.net or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue

Help with deposit?