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Nikkei PMI

ASEAN manufacturing PMI improves further in May

TOKYO -- Manufacturing in ASEAN economies improved marginally in May, helped by quicker expansions of output and new orders.

The Nikkei ASEAN Manufacturing Manager's Index, or PMI, rose from 50.4 in April to 50.6 in May, marking the highest index reading since last August. A reading above 50 indicates an expansion while a reading below 50 points to a contraction.

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