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Japan's manufacturing PMI dropped to an 8-month low
Dwindling export orders halt the index from rising.
Japan is stuck in sluggish activity after the Flash Japan Manufacturing Purchasing Managers Index (PMI) dipped to 52.2 from last month's 52.4.
The Flash Manufacturing Output Index also faced its weakest growth in 10 months.
According to a release by Nikkei, the dwindling of export orders and weaker demand from South East Asian markets drove the manufacturing slowdown.
IHS senior economist Paul Smith said, “Nonetheless, the sector continues to add jobs, with employment growth remaining amongst the best since the financial crisis, whilst optimism hit its highest level in five years of data collection.”
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