ECONOMICS COMMENTARY
Mar 31, 2014
Continued expansion in output for Japanese manufacturers
The headline seasonally adjusted Markit/JMMA Purchasing Managers' Index" (PMI") - a composite indicator designed to provide a single-figure snapshot of the performance of the manufacturing economy - posted at 53.9 in March, down from 55.5 in February. This was the thirteenth consecutive month of improvement, although business conditions strengthened at the slowest pace since September last year.
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