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Japan manufacturing production increases at faster pace
Key points: • Headline PMI posts highest reading in five months • Expansions in both production and new orders • Inflationary pressures strengthen, although remain historically muted Summary: Operating conditions in the Japanese manufacturing sector improved in July. Production increased at the fastest rate since February, underpinned by a return to new order growth. Concurrently, employment rose at the quickest rate since December 2014 and buying activity expanded, reversing the trend observed in the prior month. Meanwhile, greater cost burdens were evident, as input prices rose, albeit at a weaker rate than ... (full story)