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. 23.04.2018
    23.04.2018
    by      In
    Sidewood Estate has put the finishing touches on it $4 million winery expansion in the South Australian town of Nairne, which includes one of the most technologically advanced bottling lines in the Adelaide Hills region.
    The bottling line can fill and label up to 3000 bottles per hour with an... Read More
  2. 23.04.2018
    23.04.2018
    by      In
    BAE Systems has formalised a deal to source almost 50,000 tonnes of Australian steel to build Future Frigates for the SEA 5000 programme, should it win the tendering process. 
    Under the agreement, Bluescope Steel and Liberty OneSteel will provide steel components for BAE's Global Combat Ship-... Read More
  3. 23.04.2018
    23.04.2018
    by      In
    Melbourne-based packaging giant Visy is aiming to rapidly increase its investments in automation, with the end goal of having a fully automated factory. 
    “We have a vision which I call the ‘lights out’ factory - a fully automated box factory that operates in the dark because robots don’t need... Read More
  4. 23.04.2018
    23.04.2018
    by      In
    With international electric vehicles failing to make an impression on the Australian market, a local manufacturer has stepped up to the plate to provide some much-needed competition. 
    ACE Electric Vehicles is planning to produce Australian-manufacturered electric cars, with the goal of releasing... Read More