TOKYO (dpa-AFX) - The manufacturing sector in Japan continued to contract in July, albeit at a slower pace, the latest survey from Nikkei revealed on Monday with a manufacturing PMI score of 49.3.
That's up from 48.1 in June, although it remained beneath the boom-or-bust line of 50 that separates expansion from contraction.
Individually, output and new orders decreased at slower rates, while the stronger yen helped to lower input costs - but at the expense of international sales.
Copyright RTT News/dpa-AFX