TOKYO (Reuters) - Japanese manufacturing activity shrank at a faster pace in December than in the previous month as output slumped, underscoring growing pressure on businesses from sagging demand abroad and at home. The Jibun Bank Final Japan Manufacturing Purchasing Managers' Index (PMI) slipped to 48.4 on a seasonally adjusted basis, matching a more than three-year low last touched in October.
The post Japan’s December factory activity contracts at faster pace as output slumps – PMI appeared first on Firstpost.
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