Japan PMI manufacturing finalized at 41.9, suggests output dropped -15% annualized

<p>Japan PMI Manufacturing was finalized at 41.9 in April, down from March’s 44.8, hitting an eleven-year low. Markit said plummeting demand led to further sharp production cutbacks. Supply chain disruptions intensified as coronavirus pandemic continued. Manufacturing employment fell at strongest rate since mid-2009. Joe Hayes, Economist at IHS Markit, said: “Based on comparisons with official […]</p>
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