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9/1, 2:32 AM (Source: TeleTrader)
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Japan's factory activity expands at softer rate in August

The Japanese Jibun Bank Flash Manufacturing PMI Index landed at 52.7 in August, surprising expectations and improving by 0.3 points when compared to last month's results, IHS Markit's according to a report released on Wednesday.

The headline figure landing above the neutral 50 marks an upturn in Japan's manufacturing activity, despite manufacturers signaling a softer improvement in operating conditions compared to the previous survey period.

"Though still optimistic, Japanese goods producers were wary of the continued impact of the pandemic and supply chain disruption, which resulted in confidence dipping to the softest since January," said IHS Markit's Economist Usamah Bhatti.

Baha Breaking the News (BBN) / NL