The au Jibun Bank Japan Composite PMI was at 52.2 in July 2023, compared with preliminary data and a final 52.1 in the prior month, represents seventh straight month of expansion in private sector activity, mainly underpinned by a solid expansion in the services sector.
However, the inflow of new business slowed sharply from that in June.
Meantime, factory activity remained subdued, as both output and new orders declined further, with the rate of reduction in new orders quickening.
