India, April 22 -- The manufacturing sector in Japan continued to contract in April, albeit at a slower rate, the latest survey from Jibun Bank revealed on Wednesday with a manufacturing PMI score of 48.5.
That's up from 48.4 in March, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.
Helping to lift the index slightly was the softest drop in factory production for four months. However, overall new orders declined at a solid pace that was the fastest since February 2024, with the downturn in new export business also gathering pace. A marginal rise in staffing levels meanwhile contributed to a further reduction in backlogs of work.
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