TOKYO (dpa-AFX) - The manufacturing sector in Japan continued to contract in November, albeit at a slower pace, the latest survey from Nikkei revealed on Monday with a manufacturing PMI score of 48.9.
That's up from 48.4 in October, although it remains solidly beneath the boom-or-bust line of 50 that separates expansion from contraction.
Among the individual components, a solid decline in new orders led to further cutbacks in output.
Economic weakness across Asia hit exports in November, while selling charges decreased for the sixth consecutive month.
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