India, March 2 -- Japan's manufacturing activity continued to contract in February albeit at a slower pace, final survey data from S&P Global revealed on Monday.
The au Jibun Bank manufacturing Purchasing Managers' Index rose to 49.0 in February from 48.7 in January. The flash reading was 48.9.
However, a reading below 50.0 indicates contraction. Operating conditions deteriorated for eighth straight month. Factory output fell for the sixth successive month during February but at a slower pace. New orders dropped further. Manufacturers cited demand retrenchment and weak client confidence as the key factors behind the fall.
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The subdued manufacturing perfo...