India, Aug. 20 -- The manufacturing sector in Japan continued to contract in August, although at a slower rate, the latest survey from Jibun Bank revealed on Thursday with a manufacturing PMI score of 49.9.
That's up from 48.9 in July, although it remains just barely beneath the boom-or-bust line of 50 that separates expansion from contraction.
The survey also showed that the services PMI slipped to 52.7 in August from 53.6 in July. Also, the composite index ticked up to 51.9 from 51.6 a month earlier.
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Underlying data indicated that the upturn was broad-based by sector and led by the service industry. Manufacturing production increased slightly for the ...