Japan manufacturing activity hits four year high
The flash Japan manufacturing PMI rose to 54.9 in April as firms increased production. While factory output grew, service sector activity slowed to a crawl.
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Manufacturing activity in Japan experienced a significant surge in April, reaching its most robust expansion level in four years. According to the latest private-sector survey data, industrial firms ramped up production significantly as a precautionary measure against potential supply chain instabilities stemming from geopolitical volatility.
