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Japan Feb manufacturing shrinks for 1st time since 2016


  • Economy
  • Thursday, 21 Feb 2019

The Flash Markit/Nikkei Japan Manufacturing Purchasing Managers Index (PMI) fell to a seasonally adjusted 48.5 in February from a final 50.3 in January.  The index fell below the 50 threshold that separates contraction from expansion for the first time since August 2016.

The Flash Markit/Nikkei Japan Manufacturing Purchasing Managers Index (PMI) fell to a seasonally adjusted 48.5 in February from a final 50.3 in January. The index fell below the 50 threshold that separates contraction from expansion for the first time since August 2016.

TOKYO: Jpanese manufacturing activity contracted in February for the first time in two-and-a-half years as factories cut back output amid shrinking domestic and export orders, a private business survey showed on Thursday.

The survey also showed business confidence in Japan soured for the first time in more than six years, highlighting the growing toll that the U.S.-China trade war is inflicting on Asia's export-reliant economies and global manufacturing.

Economy , Corporate News

   

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