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Japan's factory activity slips into contraction in July, PMI shows
Japan's manufacturing activity slipped into contraction in July, weighed down by uncertainties over U.S. tariffs, a private-sector survey showed on Thursday. At the same time, Japan's service sector continued to outshine the struggling manufacturing industry, with activity growing at the fastest pace in five months, helped by robust demand. "Business activity across Japan's private sector continued to expand at the start of the third quarter, fuelled by stronger growth of the service sector," said Annabel Fiddes, Economics Associate Director at S&P Global Market Intelligence, which compiles the PMI. The S&P Global ... (full story)
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