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The continued decline in manufacturing activity in Japan is due to weak orders in the country. According to IHS Market, the business activity index in the manufacturing sector in Japan was 49.5 points in June, down from the May value of 49.8 points to a minimum of three months. The reduction in the number of new orders was the most significant since June 2016 against the background of weak demand in the domestic and foreign markets. Experts note the negative impact of trade disputes between the United States and China on the indicator. At the same time, the volume of work in progress in the manufacturing sector declined at the highest pace since January 2013. In June, a decrease in producer prices was recorded with a slowdown in the growth of prices for raw materials.
Japan’s Finance Minister Taro Aso expressed worries about the yen’s continual rise, calling it “rapid” and hinting at the strong currency’s impact on exports as Japan struggles through a recession. The yen’s ...
June had seen Japan’s industrial output breaking its four-month slump. The recuperation could be attributed to a modest recovery seen in broader business and consumer activity after the world’s third-biggest economy suffered from ...
Japan’s first-quarter business spending came smaller than what was initially estimated, revised data showed on Monday. This underscored a sharper damage that the novel coronavirus pandemic had inflicted on the world’s third-biggest ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
Japan's industrial output is expected to recover in June from a double-digit decline in May amid hopes that factory activity may have reached its lowest due to the coronavirus pandemic, according to a Reuters’ poll of 13 economists. While ...
KYC Policy