Japan’s factory activity expands for first time in 7 months- PMI
TOKYO (Reuters) – Japan’s manufacturing activity expanded for the first time in seven months in May, while the service-sector hit record growth, a survey showed on Tuesday, as the post-COVID recovery shored up business conditions. The au Jibun Bank flash Japan manufacturing purchasing managers’ index (PMI) rose to a seasonally adjusted 50.8 in May, from a final 49.5 in April. It’s the PMI’s first reading above 50, which separates contraction […]