Japan's private sector activity fell back into contraction territory in May due to a steeper fall in manufacturing output alongside a weaker growth in the services sector, flash survey results from S&P Global showed on Thursday.
The au Jibun Bank composite output index dropped to 49.8 in May from 51.2 in the previous month. A score below 50.0 indicates contraction.
The manufacturing Purchasing Managers' Index rose to 49.0 from 48.7 in the previous month. However, the score remained below the crucial 50.0 mark for the eleventh straight month.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.