Insurance grows fastest in May's Asia sector PMI
TOKYO -- The Nikkei Asia Sector Purchasing Managers' Index, or PMI, for May showed output growth in 15 of the 19 sectors monitored.
Insurance (54.5) marked the sharpest growth, followed by machinery and equipment (54.1), commercial and professional services (53.4) and technology equipment (53.2). On the other hand, real estate (47.8) recorded the sharpest contraction.
Readings above 50 signal an improvement, while those below 50 show a deterioration.
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