Japan April flash manufacturing PMI contracts for first time in 11 months

April 23, 2015 8:35 AM

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Japan April flash manufacturing PMI contracts for first time in 11 months

TOKYO (Reuters) - Japanese manufacturing activity contracted in April for the first time in almost a year as domestic orders and output fell, which could fuel concerns that the country's modest economic recovery is losing momentum.

The Markit/JMMA flash Japan Manufacturing Purchasing Managers Index (PMI) fell to a seasonally adjusted 49.7 in April from a final 50.3 in March.

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