Japan's manufacturing activity stable

Japan's manufacturing activity stabilized in August, amid the recent rise in output that performed its first sharp appreciation within a period of six months, signaling that the nation's economy is somehow recovering.

Japan's Flash Manufacturing PMI to 49.6

The Japanese Flash Manufacturing Purchasing Managers Index escalated, in August, to 49.6 and was slightly upper compared to July's 49.3 reading.

Furthermore, export orders and new orders resumed lower, thus having exerted pressures to the Japanese manufacturers to minimize the price of their goods to attract new clientele and business.

The economic growth in the nation was stagnant during quarter two, amid the slowdown in consumer spending, the weak external demand that placed pressures on exports, and the bullish yen.

Moreover, Japan announced an economic package, part of its fiscal measures, worth 13.5 trillion yen, in an attempt to support the economy toward moderate and stable recovery. This package focuses mainly on supporting new infrastructure and capital expenditure.

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