Economic Buzz: Japan Manufacturing PMI Expands At Slower Pace In February

1 Mar 2022 , 11:05 AM

Japan manufacturing sector continued to expand in February, with a manufacturing PMI score of 52.7, the latest survey from Jibun Bank showed on Tuesday. Thats down from 55.4 in January, although it remains above the boom-or-bust line of 50 that separates expansion from contraction. This indicated a thirteenth consecutive monthly improvement in the health of the sector, although the pace of expansion was the softest since last September. The weaker headline reading was partly due to a renewed reduction in output.

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