Japan Manufacturing Sector Slows In February - Markit

The manufacturing sector in Japan continued to expand in February, albeit at a slower pace, the latest survey from Markit Economics showed on Friday with a PMI score of 51.5. That was well shy of forecasts for a score of 52.5, and it was down from 52.2 in January. The February reading represents a seven-month low score, although it remains above the boom-or-bust score of 50 that separates expansion from contraction. Among the individual components, the manufacturing output index was steady at 52.7, suggesting that production growth remains solid, Markit said.

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