Japan PMI manufacturing dropped to 52.9 in Feb, services dropped to 42.7

<p>Japan PMI Manufacturing dripped from 55.4 to 52.9 in February, below expectation of 55.0. PMI Services dropped sharply from 47.6 to 42.7, worst reading since May 2020. PMI Composite dropped from 49.9 to 44.6. Usamah Bhatti, Economist at IHS Markit, said: “Activity at Japanese private sector businesses contracted sharply during February as the Omicron variant […]</p>
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