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    22.02.2016 09:08 Preliminary Markit/Nikkei manufacturing purchasing managers' index for Japan declines to 50.2 in February

    The preliminary Markit/Nikkei manufacturing Purchasing Managers' Index (PMI) for Japan declined to 50.2 in February from 52.3 in January.


    A reading below 50 indicates contraction of activity, a reading above 50 indicates expansion.


    The index was driven by a drop in new orders.


    "Production increased at the slowest rate in the current 10-month sequence of expansion, led by a marginal drop in new orders for the first time since June last year. Data suggests that the fall in total new work intakes was caused primarily by a contraction in international demand, with new exports declining at the sharpest rate in three years," economist at Markit, Amy Brownbill, said.

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