Japan’s November manufacturing PMI recovers to 49
Dec 01, 2020 14:30
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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.
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.
remains that weakness caused by the COVID-19 pandemic persisted as both output
and new orders fell for the 23rdmonth in