Mumbai, Feb. 3 -- Japan's au Jibun Bank Manufacturing PMI was revised down to 48.7 in January from 48.8, marking the seventh straight month of contraction. Factory output saw its steepest drop in 10 months, while new orders declined at the fastest pace in six months. Purchasing activity also fell sharply, but employment rose for the second month. Input cost inflation eased to a nine-month low, and business sentiment hit its weakest level since December 2022.
Published by HT Digital Content Services with permission from Capital Market....