Economic Buzz: Japans Manufacturing Sector Expands In June

23 Jun 2022 , 10:30 AM

The manufacturing sector in Japan continued to expand in June, albeit at a slower rate, the latest survey from Jibun Bank revealed, with a manufacturing PMI score of 52.7. Thats down from 53.3 in May, although it remains above the boom-or-bust line of 50 that separates expansion from contraction. The survey also showed that the services index improved to 54.2 in June from 52.6 in May, while the composite index rose to 53.2 from 52.3.Powered by Commodity Insights