TOKYO — The Nikkei Asia Sector Purchasing Managers’ Index for January saw output growth in 15 of the 19 sectors monitored, the same number with the previous month.
Technology equipment (59.4) led the expansion, followed by banks (56.2), insurance (55.3) and transportation (55.0). The pace of expansion in the banking sector was at a 41-month high.
Readings above 50 signal an improvement, while those below 50 show a deterioration.
The worst performing sector in the month was metals and mining (46.6), followed by real estate (49.1) and construction materials (49.6).
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