PMIs improve even as weak yen intensifies price pressures
The Star Online - Business·2024-04-24 08:01
TOKYO: Key gauges of Japan’s manufacturing and service activity improved in April to their highest levels in nearly a year even as the weaker yen intensified price pressure on companies, a sign that they are becoming more tolerant of inflation.
The au Jibun Bank purchasing managers’ composite index (PMI) gained to 52.6 in April, the strongest reading since last August, S&P Global reported yesterday.
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