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The manufacturing sector in Japan continued to contract in May, and at a faster rate, the latest survey from Jibun Bank revealed on Monday with a manufacturing PMI score of 38.4.
That's down from 41.9 in April, and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.
Individually, production fell at a sharper rate as COVID-19 disruption continued.
New orders plummeted to an extent not seen since the global financial crisis, while supplier delivery times lengthened sharply one again.
