The manufacturing sector in Japan continued to contract in April, and at a faster pace, the latest survey from Jibun Bank revealed on Thursday with a PMI score of 37.8.
That’s down from 41.1 in March and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.
Individually, output, new orders, new export orders, employment, backlogs of work and input prices all declined at a faster rate as a result of the Covid-19 pandemic.
The survey also showed that the services index came in with a score of 22.8 and the composite was at 27.8.
The material has been provided by InstaForex Company – www.instaforex.com
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