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Monday, 26 July 2021
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Japan Manufacturing PMI Slows To 52.2 In July - Jibun
The manufacturing sector in Japan continued to expand in July, albeit at a slower pace, the latest survey from Jibun Bank revealed on Monday with a manufacturing PMI score of 52.2.
That's down from 52.4, although it remains above the boom-or-but line of 50 that separates expansion from contraction.
Both output and new order growth eased to six-month lows in the latest survey period amid rising COVID-19 cases and ongoing delays in receiving raw materials. Manufacturers also noted that demand for staff eased in July, with the rate of job creation the softest since April. Nonetheless, positive sentiment remained strong overall, despite easing slightly from June.
The survey also showed that the services PMI fell to 46.4 from 47.2 in June, while the composite index slipped to 47.7 from 48.9.
New business inflows also reduced further, extending the current sequence of decline to one-and-a-half years as continued restrictions on movement and businesses hampered activity. Moreover, employment saw a renewed contraction as demand fell, with job shedding being reported for the first time since December 2020.
The material has been provided by InstaForex Company - www.instaforex.com
source http://www.mt5.com/forex_news/quickview/2180072/
*Japan Composite Index 47.7 In July - Jibun
Japan Composite Index 47.7 In July - Jibun
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source http://www.mt5.com/forex_news/quickview/2180071/
*Japan Manufacturing PMI 52.2 In July - Jibun
Japan Manufacturing PMI 52.2 In July - Jibun
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source http://www.mt5.com/forex_news/quickview/2180069/
*Japan Services PMI 46.4 In July - Jibun
Japan Services PMI 46.4 In July - Jibun
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source http://www.mt5.com/forex_news/quickview/2180070/
New Zealand Has NZ$261 Million Trade Surplus In June
New Zealand posted a merchandise trade surplus of NZ$261 million in June, Statistics New Zealand said on Monday - down from NZ$489 million in May.
Exports climbed NZ$871 million or 17 percent on year to NZ$5.95 billion, up from NZ$5.89 billion in the previous month.
Imports jumped NZ$1.1 billion or 24 percent on year to NZ$5.69 billion, up from NZ$5.4 billion a month earlier.
Exports of logs and wood reached a new high, up NZ$105 million (23 percent) from June 2020 to NZ$561 million in June 2021. This increase was driven by logs. Logs' export value rose NZ$87 million to reach record levels, driven by an increase in unit values (up 26 percent).
"The average value of untreated log exports has been steadily rising from the low in July 2020 to reach NZ$199 per cubic metre in June 2021," international trade manager Alasdair Allen said.
Beef exports rose NZ$31 million to reach a new high of NZ$411 million in June 2021, compared with June 2020. This increase was quantity driven, with volumes up 8.5 percent. The previous high for beef export values was in the March 2020 month (NZ$405 million).
Milk powder, butter, and cheese also drove the rise in total exports, up NZ$384 million (31 percent). Kiwifruit also rose NZ$129 million (43 percent) from June 2020.
China continues to receive the largest share of New Zealand exports. In June 2021, China received 32 percent of New Zealand's total exports. China received NZ$703 million (44 percent) of dairy, NZ$367 million (90 percent) of logs, and NZ$329 million (41 percent) of meat.
For the second quarter of 2021, exports were up NZ$1.5 billion or 9.2 percent on year to a record NZ$17.2 billion following a 1.4 percent fall in Q1.
Imports spiked NZ$3.4 billion or an annual 27 percent to NZ$16.1 billion following an 8.1 percent rise in the first quarter.
The quarterly trade balance showed a deficit of NZ$601 million.
In the year to June, annual goods exports were valued at NZ$60.4 billion, up NZ$180 million (0.3 percent) from the previous year.
Annual goods imports were valued at NZ$60.7 billion, down NZ$699 million (1.1 percent) from the previous year.
The annual goods trade balance was a deficit of NZ$252 million. In the year ended June 2020, there was a deficit of NZ$1.1 billion.
The material has been provided by InstaForex Company - www.instaforex.com
source http://www.mt5.com/forex_news/quickview/2180068/