• Japan’s manufacturing activity contracts at a slower pace 
• Services sector growth accelerates amid tourism boom
• The BoJ will be mindful of the rise in input costs but likely to keep policy stance loose

The Services Sector Recoveries in China and Japan are Gradually Flagging
Caixin services PMI held up in July, but the downward trend is likely to resume 

Manufacturing Remains Soft Across Northeast Asia, as Korean Exports Fall
July Caixin PMI concurs with official PMI in indicating a fall in Chinese manufacturing activity
Japanese manufacturing activity continues to fall  
Korean PMI offers a probably deceptive glimmer of hope in new export orders
Korean exports extend their trend decline in July, facing weakness in all key markets 

Export demand is a drag on flagging manufacturing activity
The non-manufacturing recovery is fizzling, with construction PMI at its lowest since February 2020 

Japanese manufacturing activity weakens in flash PMI reading
Japanese services continue to expand, as cost pressures worsen

China’s Caixin services PMI points to ebbing expansion
Japan’s services sector has probably crested

Northeast Asian PMIs Point to Dim Manufacturing Activity, While Korean Exports Decline
Caixin manufacturing PMI points to slowing growth in demand and supply
Dismal Japanese final PMI contrasts with apparent improvement in Q2 Tankan survey
Korean PMI indicates slowing economic growth and dissipating inflationary pressure
Korean exports continue their trend decline, despite moderation in the headline figure