Manufacturing in Japan continued to remain in contraction in August, flash estimates from the Nikkei showed on Tuesday. In August, Japan's manufacturing PMI increased to 49.6, slightly better than July's 49.3 although staying below the 50-index level, signaling a contraction in the sector. On an individual level, the output index moved above 50 for the first time since February as new orders, new export orders and stocks of purchases and finished goods contracted at a slower than expected rate.
US New Home Sales Rise To A 9-Year High
Daily Analysis - 24/08/2016