Contraction of Japanese manufacturing sector slowed abruptly in April; Bank of Japan says economy will grow 1.2% in 2010 following 3.1% contraction this year
Apr 30th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Data from Nomura/JMMA showed further contraction of the Japanese manufacturing sector in April but. The seasonally adjusted headline Purchasing Managers’ Index (PMI) rose sharply to 41.4, from 33.8 in the previous month, to signal that operating conditions deteriorated at the least marked rate since last October.