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<title>Japan Factory Activity Shrinks the Most in 2-1/2 Years</title>
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<description>Japan&#x26;#x27;s factory activity shrank in February at the fastest pace in over two years, a private survey showed, highlighting companies&#x26;#x27; struggles amid a global economic slowdown, raw material inflation and policymakers&#x26;#x27; calls for higher wages. The final au Jibun Bank Japan Manufacturing Purchasing Managers&#x26;#x27; Index released on Wednesday fell to 47.7 in February from January&#x26;#x27;s 48.9. Although higher than the flash reading, it marked the fastest decline since September 2020. &#x26;#x22;Both new orders and production levels, which make up 55 per cent of the headline PMI figure, fell at the fastest pace since July 2020 as weak domestic demand and...</description>
<author>Channel News Asia</author>
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<pubDate>Wed, 1 Mar 2023 01:48:54 GMT</pubDate>
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