Flash and prior are here:
- Japan preliminary May manufacturing PMI 50.5 (prior 49.6)
more to come
From the report, in brief:
- encouraging
trends across the manufacturing industry - new orders
and output broadly stable - Factory employment rose but continued to be affected
by retirements, with firms often highlighting difficulties
finding suitable candidates to replace leavers - an
intensification of cost pressures, as yen depreciation
added strain on imported item prices. Coupled with rising
wage costs, the increase in input prices underpinned
the sharpest upturn in output charges for a year - domestic and
external demand remain subdued
Sporadic green shoots in Japan.
This article was written by Eamonn Sheridan at www.forexlive.com.
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