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Japan's May factory activity sinks as pandemic lockdowns hit demand - PMI

Jun 01, 2020 - Nasdaq

TOKYO, June 1 (Reuters) - Japan's factory activity shrank at the fastest pace since March 2009 in May, a private sector survey showed on Monday, as manufacturers widely struggled with the demand blow from the coronavirus pandemic. The final au Jibun Bank Japan Manufacturing Purchasing Managers' Index (PMI) fell to a seasonally adjusted 38.4 from 41.9 in March, its lowest since March 2009, and matching a preliminary reading last month. "May survey data revealed that production volumes are falli...