Japan Manufacturing Expands At Steady Pace In May


30/05/2012 15:02 AST  RTT News

Japan's manufacturing sector expanded at a steady pace in May, a survey by Markit Economics revealed Wednesday.

After adjusting for seasonal factors, the headline Markit/JMMA Purchasing Managers' Index remained unchanged at 50.7, signaling a marginal improvement in activity. However, the reading posted above the 50 mark that separates growth from contraction for the sixth successive month.

Output growth eased to the weakest level in five months. New business growth also eased while new export business fell for a second month in succession.

Nevertheless, manufacturing employment growth was the sharpest since December 2007. Input costs remained unchanged.

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