Japan June Manufacturing PMI (final): 50.1 (flash was 49.9)

Japan June Manufacturing PMI (final) 50.1

• 'flash' was 49.9, prior month was 50.9

There aren't going to many doing cartwheels of joy on this result, but at least its in expansion ... well down on last month though

• New export orders rose to 54.0, preliminary was 53.6, better than the 50.6 in the previous month ... fastest increase since December 2013
• New domestic orders fell to 49.6 (vs. flash 49.4 & prior of 50.9 in May)
• The output component of the PMI index was 50.9 (flash reading of 50.5, prior 51.9 in May)

Some companies reported a weaker yen was helping to improve price competitiveness

Others cited better sales to China and Europe