Reported about 4 hours ago
Japan's factory activity dropped at its fastest rate in ten months due to weak demand, with the manufacturing purchasing managers' index (PMI) falling to 48.7 in January. This marks seven consecutive months of contraction, as business confidence reaches a two-year low and output continues to decline amidst concerns over production and new orders, particularly in the automotive and semiconductor sectors. Although there are hopes for a demand recovery, optimism has diminished significantly.
Source: YAHOO