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The index of business activity in the manufacturing sector in July amounted to 49.3 points, which is slightly higher than the previous value of 49.0. Nikkei PMI provides a preliminary assessment of the health of the manufacturing sector in Japan - an important indicator of business conditions and the general economic conditions in Japan.
This indicator is below 50 for the fifth month in a row on a background of weak demand. In addition, the strong yen is a negative impact on exports.
Production and new orders fell again, but at a slower pace. Slightly more positively proved the employment component, which has recently reached a historic high.
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