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May had seen Japan’s manufacturing sector dropping at its most rapid pace since March 2009, a private sector poll showed on Monday. The sector's inactivity was due to a slump in demand brought by the novel coronavirus crisis.
Japan Manufacturing Purchasing Managers' Index (PMI) dropped to a seasonally adjusted 38.4. It placed lower than April’s 41.9 record its weakest figure in 11 years
“May survey data revealed that production volumes are falling at an even faster rate than in April,” Joe Hayes of IHS Markit said.
First-quarter records showed that Japan had slipped into recession as the government-implemented restrictions curbed economic growth and dampened consumer sentiment. More so, trade-dependent countries have been suffering as pandemic-driven disruptions dragged worldwide supply chains.
Japan’s Finance Minister Taro Aso expressed worries about the yen’s continual rise, calling it “rapid” and hinting at the strong currency’s impact on exports as Japan struggles through a recession. The yen’s ...
June had seen Japan’s industrial output breaking its four-month slump. The recuperation could be attributed to a modest recovery seen in broader business and consumer activity after the world’s third-biggest economy suffered from ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Oil prices fell on Thursday as the rising global coronavirus cases weighed on fuel demand recovery just as OPEC+ producers are set to increase supply. The Brent contract for October slid 0.05%, or 2 cents, at $44.07 per barrel, while the September ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
KYC Policy