TOKYO (Reuters) – Japan’s manufacturing activity contracted at a rate of A business survey on Tuesday showed a worrisome sign for February for the world’s third-largest economy, which is facing weak demand and struggling to contain cost pressures. au Jibun Bank flash Japan manufacturing PMI falls to seasonally adjusted .4 Finals in February .9 in the last month.
The index remains at – The level of separation contraction expanded for the fourth month in a row and recorded the largest decline since August 52 of.2. Factory output and new orders fell for eighth straight month, faster than in January, secondary index data showed edited
Export orders recorded in July Biggest drop since 100 Global demand continues to weaken, as shown by recent indicators such as weaker-than-expected growth in gross domestic product (GDP) from October to December and a record trade deficit in January.
In contrast, with the further development of domestic COVID-
Relax, service sector activity rises for six straight months Countermeasures. The government said last month it would lower the public health classification for the coronavirus in May. au Jibun Bank flashes services PMI rises to eight-month high . Adjustment11.3 Finals.
” With the latest wave of COVID- The pandemic receded, boosting demand,” said Andrew Harker, S&P Global Economics Director (NYSE: 53SPGI
) Market Intelligence, responsible for Prepare surveys.
But input costs for service firms rose at the fastest pace in eight months, while inflation in the prices they charged customers rose to a two-month high point, indicating a decrease in profit.
“Companies would like to see price pressures ease significantly in the coming months to provide some support to meet customer demand,” Harker said.