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01.03.2016 13:20 Final Markit/Nikkei manufacturing purchasing managers' index for Japan declines to 50.1 in February

The final Markit/Nikkei manufacturing Purchasing Managers' Index (PMI) for Japan declined to 50.1 in February from 50.2 in January, down from the preliminary reading of 50.2.

 

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

 

The index was driven by a slower growth in output and a drop in new orders.

 

"Operating conditions in the Japanese manufacturing sector was little-changed in February, following a solid improvement in January. Production growth slowed to a fractional rate, alongside a marginal contraction in new orders," economist at Markit, Amy Brownbill, said.



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