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Nikkei PMI

Machinery sector falls fastest in Asia sector PMI in May

TOKYO -- Most business sectors in Asia saw expansions in activity in May, led by industries like banks, household products, consumer services and food, while the machinery sector fell fastest for the third straight month.

The Nikkei Asia Sector Purchasing Managers' Index, or PMI, showed that out of the 19 monitored sectors, 14 registered growth, while four decline with one unchanged. The machinery and equipment sector was the poorest performer at 45.7.

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