SINGAPORE (ICIS)--au Jibun Bank’s flash manufacturing purchasing managers’ index (PMI) for Japan rose from 49.0 in November to 49.7 in December as production and new orders weakened at a slower rate, the Japanese bank said on Wednesday.
A PMI reading below 50 indicates a contraction in the manufacturing economy.
Business sentiment eased to the softest level since August, but optimism remained robust, au Jibun Bank said.
Employment levels among Japanese manufacturers rose for the first time since February, albeit at a fractional pace, it added.
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