Japan PMI manufacturing dropped to 53.2 in May, services rose to 51.7

Japan PMI Manufacturing dropped slightly from 53.5 to 53.2 in May, below expectation of 53.8. PMI services rose from 50.7 to 51.7. PMI Composite ticked up from 51.1 to 51.4. Usamah Bhatti, Economist at S&P Global Market Intelligence, said: “”Private sector firms reported that the reduced impact of COVID-19 had lifted services activity, most notably […]

The post Japan PMI manufacturing dropped to 53.2 in May, services rose to 51.7 appeared first on Action Forex.