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Economic Buzz: Japans Manufacturing PMI Expands

Economic Buzz: Japans Manufacturing PMI Expands

May 24, 2022 9:22 IST | capital market
The manufacturing sector in Japan continued to expand in May, albeit at a slower pace with a manufacturing PMI score of 53.2, according to the latest survey from Jibun Bank. Thats down from 53.5 in April, although it remains above the boom-or-bust line of 50 that separates expansion from contraction. The survey also showed that the services PMI improved to 51.7 in May from 50.7 in April, while the composite PMI rose to 51.4 from 51.1. Powered by Commodity Insights

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