Japan July manufacturing PMI falls to 4-month low @ Forex Factory

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Japan July manufacturing PMI falls to 4-month low

Japanese manufacturing activity expanded in July at its slowest pace in four months, a survey showed on Friday, as overseas demand slackens following a rapid recovery earlier this year. The Nomura/JMMA Japan Manufacturing Purchasing Managers Index (PMI) fell to a seasonally adjusted 52.8 in July from 53.9 in June, the lowest level since 52.7 in March. The index remained above the 50 threshold that separates contraction from expansion for the 13th consecutive month. The output component of the PMI index declined to 53.8 from 55.9 in June, which is the slowest pace of growth in output in 13 months as some companies tried to sell down their inventories due to uncertainty about the... Full Story

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Submitted Jul 29, 2010 7:44pm

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