Japan PMIs: Two-speed recovery to undermine a sustainable return to pre-coronavirus level

<p>Japan PMI Manufacturing dropped to 37.8 in June, down from May’s 38.4. The data indicates productions fell at the more severe pace since March 2009. PMI Services, on the other hand, recovered to 42.3, up from 26.5. PMI Composite rose to 37.9, up from 27.8, staying well in contraction region. Joe Hayes, Economists at IHS […]</p>
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