none
none

JAPAN MANUFATURING CONTINUES TO CONTRACT

24-06-2016
by 
in 
Photo Credit: REUTERS/YUYA SHINO

Earthquakes, the rising Yen, and a slowing national economic growth have held back Japan’s manufacturing industry for the fourth month in a row. 

The Markit/Nikkei JapaFlash Manufacturing Purchasing Managers Index (PMI) stretched up from 47.7 to 47.8 in June, remaining below the growth-indicating threshold of 50.

The preliminary index for new orders grew from 44.7 to 45.8, but is also under the 50-threshold, and is in contraction.

Markit said that the latest survey data “pointed to a further deterioration in manufacturing conditions in Japan.”

As both production and new orders are on the decline, fed by a marked decrease in international demand, there is concern that the rising value of the Yen (15% this year to date) will further damage exports.

The future of Japan’s economic growth is uncertain. While their economy remains strong as a whole, rapid expansion appears to be giving way to slow but stable growth.

Related news & editorials

  1. ETA’s warehouse has extensive Bonfiglioli stock
    11.01.2018
    11.01.2018
    by      In
    Bonfiglioli’s partnership with its largest Australian distributor, Engineering Transmission Agencies (ETA), brings quality, reliability and performance to Queensland and Northern NSW customers in industries such as mining, manufacturing, bulk materials handling, food and beverage, water and waste.... Read More
  2. Australian flag
    11.01.2018
    11.01.2018
    by      In
    It’s official: Australia is an Innovation Champion. That is the view of the US Consumer Technology Association, which launched its inaugural International Innovation Scorecard at the Consumer Electronics Show in Las Vegas.
    The scorecard is a development from the association’s annual ranking of US... Read More
  3. 10.01.2018
    10.01.2018
    by      In
    Australian company CST Wastewater Solutions has put together an environmentally friendly and cost-efficient wastewater treatment system for smaller, remote and ecologically sensitive community, municipal, agribusiness and industrial applications throughout the Asia-Pacific region.
    The two-stage... Read More
  4. 10.01.2018
    10.01.2018
    by      In
    US-based utility-scale solar power specialist SolarReserve has received development approval for its Aurora Solar Energy Project in South Australia.
    The project is located on farmland 30km north of Port Augusta and is centred on a 150MW solar thermal power station with 1100MWh of molten salt energy... Read More