(Finance) – Manufacturing activity in Japan is expected to deteriorate. The Preliminary data of the PMI manufacturing index for May, published by Markit and elaborated by Jibun Bankindicates a value of 53.2 points, down from 53.5 points in April.
The indicator that remains above the critical threshold of 50 points, which acts as a watershed between contraction and growthgoes to the lowest level in the last three months.
There flash estimate of the services PMI at the same time, however, it confirms an improvement in the tertiary sector, with the relative index rising to 51.7 points from 50.7 in April, and to the record of the last five months.
The PMI Composite it stood at 51.4, up from the previous 51.1 points.