Economic Growth In Japan Close To Stalling In July Led By Renewed Manufacturing Decline

Summary

• The preliminary PMI survey results for July signal a significant loss of growth momentum in the Japanese economy at the start of the third quarter.
• Business activity growth slowed to a near standstill in July, as the economy's rebound from Omicron-related containment measures lost momentum.
• Several forward-looking indicators suggest that growth will remain subdued and could even slow further in the near term.

NatanaelGinting

The preliminary PMI survey results for July signal a significant loss of growth momentum in the Japanese economy at the start of the third quarter. While second quarter growth had been boosted by the reopening of the economy from Omicron-related