UTC+8 ( BJT)

Japan’s November manufacturing PMI recovers to 49

Japan’s Purchasing Managers’ Index (PMI) for its manufacturing industry recovered by 0.3 basis points on month to 49 in November, or a new high since August 2019, indicating that the country has been slowly getting rid of the adverse impact of the CONVID-19, according to the release from au Jibun bank Corporation on December 1.
The modest incline in the November PMI was mainly due to the slow-down in the falls of output and new orders, with both posting the least on-month decreases since May 2019, according to the release. “Concern remains that weakness caused by the COVID-19 pandemic persisted as both output and new orders fell for the 23rdmonth in


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