Reported 3 days ago
Japan's manufacturing sector contracted in July, as indicated by the S&P Global PMI which fell to 48.9, down from 50.1 in June. The decline was attributed to weak demand resulting in reduced production and new orders. Despite this, companies continued to hire, albeit at a slower rate, while business confidence improved amid expectations of better demand and reduced trade uncertainty following a recent Japan-U.S. trade agreement.
Source: YAHOO