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Factory activity at 5-month high in March on strong demand: PMI

Factory activity at 5-month high in March on strong demand: PMI

Monday, April 3, 2017, 12:46 PM

Activity in the country's manufacturing sector expanded at the fastest pace in five months in March as output and new orders accelerated. The Nikkei Manufacturing Purchasing Managers' Index, compiled by IHS Markit, rose to 52.5 in March, from 50.7 in February. This is the third month in a row that it has been above the 50 mark that separates growth from contraction.
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