Japan Nikkei Services PMI (June) +49.4 (prior +50.4), Composite 49.0 (previous +49.2)
5 July 2016, 06:59
0
89
New business fell the fastest in almost five years, from 50.4 previously to 47.3
- Services below 50 for the first time in two months
- Yen appreciation cited as hampering sales
- April earthquakes also adversely hit demand
- China uncertainty
- Composite index (for output in both manufacturing and services) fourth consecutive month of contraction
--
Wow
... the data has been disappointing today. Not just Japan, but China
(at least services PMI up, but across servcie and manufacturing - i.e.
composite - down) and Australia too.
