Production activity in Japan declined in June

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The continued decline in manufacturing activity in Japan is due to weak orders in the country. According to IHS Market, the business activity index in the manufacturing sector in Japan was 49.5 points in June, down from the May value of 49.8 points to a minimum of three months. The reduction in the number of new orders was the most significant since June 2016 against the background of weak demand in the domestic and foreign markets. Experts note the negative impact of trade disputes between the United States and China on the indicator. At the same time, the volume of work in progress in the manufacturing sector declined at the highest pace since January 2013. In June, a decrease in producer prices was recorded with a slowdown in the growth of prices for raw materials.

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