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flag Japan's manufacturing sector shrinks again, but services grow, raising composite PMI slightly.

flag Japan's manufacturing sector contracted for the tenth month in a row in April, though at a slower rate, with a PMI of 48.5. flag The services sector showed growth, with a PMI of 52.2, and the composite PMI increased to 51.1. flag Despite this, new orders in manufacturing fell at the fastest pace since February 2024, and business confidence hit a low due to global economic concerns and staff shortages.

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