Japan's factory activity falls slow, PMI shows
Japan's factory activity shrank at a slower pace in April as declines in output and new orders eased, a private-sector survey showed on Wednesday. Inflationary pressure continued but firms found market demand was strong enough to allow them to raise output costs, the survey found. The final au Jibun Bank Japan manufacturing purchasingmanagers' index (PMI) rose to 49.6 in April from 48.2 in March, but was off the 49.9 reported in the flash PMI.
Source: yahoo.com
