Japan's factory activity shrank at a slower pace in April as declines in output and new orders eased, a private-sector survey showed on Wednesday.
Item 1 of 2 A worker checks machinery at a factory in Higashiosaka, Japan June 23, 2022. REUTERS/Sakura Murakami/File PhotoTOKYO, May 1 - Japan's factory activity shrank at a slower pace in April as declines in output and new orders eased, a private-sector survey showed on Wednesday.
The index still stayed below the 50.0 threshold that separates growth from contraction in activity but it was the slowest contraction in eight months. New orders shrank due to sluggish demand, especially for autos while new export orders contracted due to low demand from key export markets such as China and the U.S.
MTPIX BSENT ECI ECO ILEI IPR JOB MCE NEWS1 PMI EASIA ASXPAC ASIA JP ECON
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