Japan Manufacturing Activity Growth Stabilizes In February

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Markit Economics reported on Thursday that the Japan Nomura / JMMA Manufacturing Purchasing Managers' Index stood at a seasonally adjusted 52.5 in February, unchanged from the previous month. A reading above 50 indicates expansion, while one below 50 suggests contraction.

Manufacturing output reported growth for the ninth straight month in February, with respondents attributing the rise in output to a greater inflow of new orders. New order levels were up for the eighth successive month, although the pace of growth was the slowest in the sequence.

Employment levels in the manufacturing sector fell further in February, albeit at only a marinal rate. Panelists cited restructuring efforts for cutting staff levels.

Markit Economics reported on Thursday that the Japan Nomura / JMMA Manufacturing Purchasing Managers' Index stood at a seasonally adjusted 52.5 in February, unchanged from the previous month. A reading above 50 indicates expansion, while one below 50 suggests contraction. (Market News Provided by RTTNews)