Japan’s manufacturing sector returned to growth in May
May 31st, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Japan’s manufacturing sector data for May published today showed a return to growth as supply chain pressures enabling firms to resume factory operations following the disruption caused by the March 11 Tohoku earthquake. On the demand side, overall new business decreased marginally, while firms reduced their staff numbers for the second month in succession. Meanwhile, output charges rose for the first time since November 2008 in response to strong cost inflation.