The PMI Data revealed a faster deterioration in business activity in Japan in the second quarter of 2021.
Source: au Jibun Bank.
Nikkei dips -0.032%, JPYUSD -0.08% today.
The overall health of the manufacturing sector dropped from 53.0 in May to 51.5 in June, an indicator of weak improvement in operating conditions in the manufacturing sector.
New businesses declined in June for 17 consecutive months now.
Output levels also recorded the first decline since January as growth of new orders reduced at a marginal pace.
On the bright side, the private sector businesses in Japan continued to increase employment levels, irrespective of the contracting demand.
Japanese firms remain confident about an increase in activity in the next 12 months.