TOKYO: Japan's factory activity shrank in August amid subdued demand although the pace of decline slowed, while the service sector expanded, showing upbeat conditions in some industries, a business survey showed on Thursday (Aug 22).
TOKYO: Japan's factory activity shrank in August amid subdued demand although the pace of decline slowed, while the service sector expanded, showing upbeat conditions in some industries, a business survey showed on Thursday .
The index stayed below the 50.0 threshold separating growth from contraction for a second straight month. Output price inflation eased in August as manufacturers hesitated to lift selling prices, although average input costs rose at the fastest pace since April 2023, showing pressures are persistent.
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