Japan’s production index hits 10-month high


  • Business Premium
  • Friday, 01 Jul 2005

TOKYO: Japan’s factories cranked up production at the fastest pace in 10 months in June as healthy demand for goods at home drowned out tepid growth in orders from overseas, a survey showed yesterday. 

The NTC Research/Nomura/JMMA Purchasing Managers Index, which gives an early snapshot of manufacturing activity, was a seasonally adjusted 54.0, the highest reading since August and up from 53.5 in May. 

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