Japan’s manufacturing sector conditions improve in February at fastest rate since June 2010
Feb 27th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Japan's manufacturing sector PMI survey data pointed to a solid improvement in February as output growth quickened in response to greater inflows of new business. As a result, backlogs of work rose for the first time in eight months, while employment growth accelerated. Meanwhile, cost inflation hit a twenty-eight month high, but this was insufficient to prevent another decline in factory gate charges, as strong competitive pressures continued to restrict firms’ pricing power.