Aug 31, 2007 - Manufacturing activity in Japan picked up slightly in August, helped partly by firm exports, a survey showed on Friday, but the sector was still fragile amid worries about fall-out from U.S. credit problems.
The NTC Research/Nomura/JMMA Purchasing Managers Index (PMI), which gives an early snapshot of the health of manufacturing, edged up to a seasonally adjusted 49.6 in August, recovering from a four-year low of 49.0 in July -- but it was still a negative result for the second month in a row.
A reading above 50 suggests expansion, while a figure below points to a contraction.
Friday, August 31, 2007
Japan manufacturers' PMI up amid subprime worries
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