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Japan’s preliminary industrial production for May 2022 came in at -7.2% m/m much lower than the expected -0.3% m/m and the April reading of -1.5%. Two
[See the full post at: Japanese Industrial Production Plummets to -7.2% m/m in May]Japan June Jibun / Markit Manufacturing PMI 52.7 (prior 53.3)
“Substantial inflationary pressures, which dampened output & demand in the latest survey period, were attributed to severe material shortages and delivery delays”
New overseas orders contracted for the fourth straight month, the survey showed. Input prices remained at elevated levels, again rising at a faster pace than output prices though firms increasingly passed on higher cost burdens to clients.
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