Reported about 1 month ago
Japan's factory activity contracted at a slower rate in August, supported by increased production and new orders, according to a private-sector survey. The manufacturing purchasing managers' index (PMI) rose slightly to 49.8, approaching the stabilization point despite remaining below 50. While new orders declined due to weak demand, the pace of contraction slowed, indicating a potential recovery in the economy. The outlook for manufacturers remains positive, expecting improved sales and demand in certain sectors, even amidst challenges from external market pressures.
Source: YAHOO