TOKYO : Japan's factory activity contracted for the sixth straight month in April, but the details of a private survey released on Monday showed the manufacturing sector was edging towards stabilisation amid a slower decline in new orders.The final au Jibun Bank Japan Manufacturing Purchasing Managers' In
TOKYO : Japan's factory activity contracted for the sixth straight month in April, but the details of a private survey released on Monday showed the manufacturing sector was edging towards stabilisation amid a slower decline in new orders.
Factory output also contracted for a tenth consecutive month, with some manufacturers citing that raw materials shortages had weighed on production. Input price inflation eased to its slowest pace since August 2021, although prices were still relatively high to due rising costs for raw materials.
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