Japan's June factory activity growth eases on China curbs - flash PMI

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TOKYO : Japan's factory activity growth slowed in June as China's strict COVID-19 curbs took a toll on manufacturing demand, even as service sector sentiment hit a nearly nine-year high on the fading pandemic drag.

In April and May, the manufacturing PMI also grew at a slower rate than in the prior month.

New business in the services-sector rose for a second straight month as a pickup in tourism helped strengthen overall private-sector conditions.

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Category: Economy

Topics: Rose Rate Flash Month Japan Manufacturing June Final Services Expansion Survey

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 08:36:51

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Reading Time: 3 minutes read

Article Length: 419 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 4715

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