Japan PMI composite rose to 27.8 in May, indicative of -10% annualized GDP contraction

<p>Japan PMI Services improved to 26.5 in May, up from April’s record low of 21.5. PMI Composite also rose slightly to 27.8, up from April’s record low of 25.8. The data signed “historically unparalleled” decline in output. Joe Hayes, Economist at IHS Markit, said: “While the month of May has seen the Japanese government reduce […]</p>
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