Japan's June factory activity posts slowest growth in 4 months, costs rise - PMI

Japan's factory activity expanded at the slowest pace in four months in June, as momentum among manufacturers eased from the previous month when output took a big hit from global shortage of high-tech chips.

The slower expansion of manufacturing activity comes as firms face pressure from higher input costs and a sharp recovery in other major global economies pushes up raw material prices.The final au Jibun Bank Japan Manufacturing Purchasing Managers' Index in June slipped to 52.4 on a seasonally adjusted basis from 53.0 in the previous month, coming in at its lowest since February.

"Manufacturers continued to note concern regarding ongoing supply chain disruption, which has induced sharp rises in the price of raw materials amid severe shortages." But output and overall new orders expanded at a softer pace in June, with firms reporting drags from health crisis-related restrictions in addition to the chip shortage.

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Growth in China's services sector slows in June - official PMIActivity in China's services sector grew at a slower pace in June, official data showed on Wednesday as COVID-19 curbs from a resurgence in cases ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Japan's consumer confidence improves in June - govtJapan's consumer confidence rose in June, the government said on Wednesday, after coronavirus state-of-emergency curbs in Tokyo and other areas ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

China setting pace in central bank digital currency - Japan ex-regulator EndoTOKYO: China's progress toward issuing a central bank digital currency (CBDC) will have a huge impact on how quickly advanced economies follow ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Japan policy veteran Kanda to be appointed as FX tsar - sourcesTOKYO: Japan is likely to appoint international policy veteran Masato Kanda as its top currency official representing the country at Group of ... dollar yen exchange rate to drop to 110.35 and under ..
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

American tells Tokyo court he regrets helping Ghosn flee JapanU.S. Army Special Forces veteran Michael Taylor told a Tokyo court on Tuesday he regretted helping Carlos Ghosn flee Japan and said the former ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

You Can Now Book Japan-Themed Cruises To Nowhere To Pretend You’re In Kyoto Or Hokkaido
Source: TODAYonline - 🏆 1. / 99 Read more »