Japan's factories aren't doing so well! For eight months, things have been slowing down. But, February showed a tiny bit of improvement. This is good news, but there are still some problems.
- Factories are making less stuff and getting fewer orders.
- There aren't enough workers.
- Prices are still going up.
- The service industry is doing better than the factories.
| Item | Number/Fact |
|---|---|
| Manufacturing PMI (February) | 48.9 (Below 50 means things are shrinking) |
| Service PMI (February) | 53.1 (Above 50 means things are growing) |
| Months of factory decline | 8 |
