Japan Preliminary Manufacturing PMI (July) 48.8, falling back into contractionExpected 50.2, Previous: 50.1Services 53.5Previous: 51.7Composite 51.5Previous 51.5Japan’s manufacturing activity fell back into contraction in Julydragged down by rising uncertainty over U.S. trade policy and fresh tariffsOutput and new orders both declinedJapan’s services sector continued to outperform53.5 is the fastest pace in five monthssupported by strong domestic demandexport orders declined for the first time in seven monthsand job growth in the sector slowed to a near two-year low This article was written by Eamonn Sheridan at investinglive.com.