India, May 22 -- Japan's private sector activity fell back into contraction territory in May due to a steeper fall in manufacturing output alongside a weaker growth in the services sector, flash survey results from S&P Global showed on Thursday.
The au Jibun Bank composite output index dropped to 49.8 in May from 51.2 in the previous month. A score below 50.0 indicates contraction.
The manufacturing Purchasing Managers' Index rose to 49.0 from 48.7 in the previous month. However, the score remained below the crucial 50.0 mark for the eleventh straight month.
Meanwhile, the services PMI registered 50.8 in May, down from 52.4 in April. The score signalled a back-to-back increase in services activity.
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