Jibun survey: Repeat Japan manufacturing sector falls into contraction ...Middle East

TOKYO: The manufacturing sector in Japan slipped into contraction territory in June, the latest survey from Jibun Bank revealed on Monday with a manufacturing PMI score of 49.8, reported German news agency (dpa).That’s down from 50.6 in May and it falls beneath the boom-or-bust line of 50 that separates expansion from contraction.Production levels fell for the eleventh time in the past year during June, commonly associated with falling new orders and a lack of suitable staff. The rate of decline was only modest, however. New orders also fell back into contraction during June, albeit only fractionally.Panel members often mentioned a lull in demand for manufactured goods, notably for semicondu

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