Japan's Final June Manufacturing PMI Eases to 54.8
Japan's S&P Global Manufacturing PMI for June was revised down to 54.8 from the preliminary 54.9, signaling continued expansion in factory activity at a slightly slower pace.
The final reading of Japan's S&P Global Manufacturing Purchasing Managers' Index (PMI) for June came in at 54.8, marginally below the previous month's 54.9, according to data released on Monday.
Although the index dipped slightly, it remains firmly above the 50.0 threshold that separates expansion from contraction. This indicates that Japan's manufacturing sector continues to grow, albeit at a marginally weaker pace compared to May.
The data aligns with broader expectations of a gradual cooling in global industrial activity, but Japan's factory output still shows resilience amid ongoing supply chain adjustments and domestic demand.
Source: First Squawk