Japan - Jibun Bank/Markit Manufacturing PMI (final) for April is at its lowest in 11 years
- preliminary 43.7, prior 44.8
- declines in product orders and output accelerated
- output and new orders contracted at the fastest pace since early 2009
- employment conditions down for a second month, rate of decline accelerating to the fastest in more than a decade
Markit comments:
- "Japan's manufacturing downturn deepened in April as international supply chain paralysis intensified and global demand sank further"
- "Factory shutdowns and below-capacity operations overseas are having a cascading effect on Japanese goods producers, who in turn are cutting or completely suspending production due to closures at their clients and suppliers."
