TOKYO -- Business activity slowed in a greater number of sectors in Asia this January, with metals and mining continuing its strong business contraction.
The Nikkei Asia Sector Purchasing Managers' Index, or PMI, showed that out of the 19 monitored sectors, 9 registered contraction in January. Metals and mining had the biggest contraction at 45.3, registering below the 50 mark for the fourth month in a row.
