TOKYO: Japanese manufacturing activity accelerated in August as export and domestic demand increased, a preliminary survey showed on Thursday, offering hope that economic growth is getting back on track after slumping in the wake of a sales tax increase in April.
The Markit/JMMA flash Japan Manufacturing Purchasing Managers Index (PMI) rose to a seasonally adjusted 52.4 in August, up from a final reading of 50.5 in July.
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