Final is 49.3 from preliminary at 49.5 and prior at 49.8.
A poor result indeed, further into contraction.
- Output and new work fall at fastest rates since March
- Subdued export demand
- Factory gate prices decline for first time since December 2016
IHS Markit comments
- "Japanese manufacturers continued to suffer from the slowdown in global trade volumes and weaker overseas demand conditions in June.
- The latest decline in new orders from abroad was one of the sharpest seen over the past three years. Survey respondents linked the fall in exports to softer demand from customers in China, alongside a drag on sales from global trade frictions and weakness in the automotive sector.
- Backlogs of work decreased to the largest extent since the start of 2013, which reflected falling volumes of new work and a subsequent lack of pressure on business capacity. Intermediate goods producers reported the sharpest drop in order books during June, driven by subdued export demand and disruptions to international supply chains from US-China trade fictions.
- Manufacturers of capital equipment also signalled an export-led downturn in sales during June, while consumer goods producers bucked the overall trend by achieving a sustained rise in new work."
