India, June 1 -- The manufacturing sector in Japan continued to contract in May, albeit at a slower pace, the latest survey from Jibun Bank revealed on Monday with a manufacturing PMI score of 49.4.
That's up from 48.7 in April, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.
Data split by sector indicated a fresh improvement in operating conditions faced by investment goods makers, while conditions deteriorated at a softer pace across the intermediate goods segment. The health of the consumer goods sector meanwhile weakened after an improvement in April.
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Helping to lift the headline index was a softer ...