Mumbai, Aug. 1 -- After broadly stabilising in June, business conditions across Japan's manufacturing industry weakened in July. Output slipped back into contraction, while overall new work continued to decline. As a result, purchasing activity fell at a sharper rate and employment growth slowed.
Prices data meanwhile showed a notable easing in the rate of input cost inflation, but selling price inflation accelerated.
The headline S&P Global Japan Manufacturing Purchasing Managers' Index (PMI) fell from 50.1 in June to 48.9 in July, to signal a renewed deterioration in the health of the sector.
Though only marginal, it marked the twelfth time in the past 13 months that operating conditions have weakened. Sub-sector data indicated that bu...