Japan's manufacturing activity deteriorated for the fourth consecutive month in June, the latest flash survey from Markit Economics showed Thursday.
The Markit/ Nikkei Manufacturing Purchasing Managers' Index, or PMI, rose marginally to 47.8 in June from 47.7 in the previous month. However, any reading below 50 suggests contraction in the sector.
Manufacturing output continued its declining trend in June, though at a moderate rate than May's 25-month record. Similarly, new orders fell at a slower pace, while employment growth eased to the weakest in nine months.
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