Japan factory PMI in May back above 50

Source: Reuters
© Scanpix/RS
Industrial activity in Japan, measured by manufacturing PMI, jumped in May to 50.9 from April's 49.9, as new orders and output rose with improvement in domestic and foreign demand. The index measuring output increased to 51.7 from 49.3 in the prior month and new orders boosted to 51.2 from 49.9 in April. The preliminary PMI data are seen as a good sign for further expand in the economy.

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