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Japan’s Purchasing Managers’ Index (PMI) for its manufacturing industry recovered by 1.7 basis point on month to 40.1 for June, indicating that the operations and market sentiment had been improving after a few months of declines since February, according to the release from au Jibun Bank Corporation on July 1.
The June PMI, nevertheless, stayed in the contraction zone, suggesting that the country’s manufactures were still facing many challenges, as the pandemic had led to fewer new orders both for domestic sales and exports, and the domestic manufactures had to run at low capacities even though they had resumed operations, Mysteel Global understood



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