The manufacturing sector in Japan fell into contraction for the first time in nine months, the latest survey from Markit Economics showed on Friday with a revised manufacturing PMI reading of 49.9.
That’s up from last month’s preliminary April reading of 47.7, although it’s down from 50.3 in March. It also slipped below the boom-or-bust line of 50 that separates expansion from contraction.
Among the individual components of the survey, declines in both production and new orders dragged the index into contraction, the data showed, while input price inflation eased to its weakest showing in more than two years.
The material has been provided by InstaForex Company – www.instaforex.com