Japan manufacturing sector continued to expand in March, and at a faster pace, the latest survey from Jibun Bank showed on Thursday with a manufacturing PMI score of 53.2. Thats up from 52.7 in February and it moves further above the boom-or-bust line of 50 that separates expansion from contraction. Output returned to expansion territory in the latest survey period, albeit only marginally. That said, new order growth continued to slow, with the latest data pointing to the softest rise in six months. The survey also showed that the services PMI climbed to 48.7 from 44.2 and the composite PMI improved to 49.3 from 45.8.
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