Japan manufacturing extends growth, India factory growth slows

Japan's manufacturing sector experienced a significant expansion in June, marking its best quarterly performance since the first quarter of 2014. This growth indicates a strong period for Japanese industry. In contrast, India's factory growth has slowed considerably, reaching its second-weakest pace in the last four years. This deceleration is primarily attributed to softening demand within the sector. However, there are some mitigating factors, as cost pressures within India's manufacturing landscape have eased, offering a degree of relief to producers.

France's manufacturing sector, however, demonstrated an acceleration in its growth during June. The country's manufacturing activity expanded at a slightly faster rate than initially projected, with its Purchasing Managers' Index (PMI) rising to 51.2. This figure suggests a positive development for French industry, indicating a turn towards expansion after a preceding period of contraction. Despite this positive trend, the sector continues to grapple with ongoing supply-chain pressures, which remain a persistent challenge for manufacturers.