Japan's factory activity growth hits 19-month low in August

ANKARA

Japan’s manufacturing activity growth grinded to a 19-month low in August.

The au Jibun Bank Flash Japan Manufacturing Purchasing Managers’ Index (PMI) declined to 51.0 in August from 52.1 in July, the slowest expansion since January last year.

Output saw the steepest decline in 11 months, while buying levels went down after rising in July.

New orders slipped at the fastest rate in nearly two years.

Input and output cost inflation slowed due to persistent supply constraints.

Business sentiment in Japan also hit a three-month low.