(RTTNews) – The Japanese productive sector continued to contract in August, albeit at a slower pace, the most recent survey from Jibun Bank on Tuesday with a production PMI of 47.2.
This is higher than 45.2 in July, remaining under the expansion of 50 lines or recession that separates the expansion from contraction.
Individually, last month was characterized by slower declines in production and new orders since the beginning of this year.
Export sales fell at the slowest pace in seven months, while there was only a slight decline in employment.