Japan flash May manufacturing PMI 49.0 (prior 48.7) ...Middle East

prior 48.7if confirmed in the final at 49.0 it'd be the 11th consecutive month of contraction for the sector

Some points from the manufacturing PMI:

factory output fell at a quicker pace than in April decreases in new orders and new export business, but at a slower rate than in April input costs for factories rose at the slowest rate in 14 months output price inflation was down to the lowest in nearly four years

prior 52.4slower increases in new business, export business and employment

Composite 49.8 in May

prior 51.2

Earlier today were very encouraging data from Japan:

Japan machinery orders surge, +13% m/m (expected -1.6%) This article was written by Eamonn Sheridan at www.forexlive.com.

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