India's factory slump deepens in May, headcount slides: PMI

01 Juin, 2020, 15:22 | Auteur: Auguste Feret
  • Coronavirus impact Japan's factory activity contracts at fastest pace in May

Asia's factory pain deepened in May as the slump in global trade caused by the coronavirus pandemic worsened, with export powerhouses Japan and South Korea suffering the sharpest declines in business activity in more than a decade.

The final au Jibun Bank Japan Manufacturing Purchasing Managers' Index (PMI) fell to a seasonally adjusted 38.4 from 41.9 in March, its lowest since March 2009, and matching a preliminary reading last month.

It rose to 39.4 in May from April's 33.4, still a long way from the 50 mark that separates growth from contraction and just below an earlier flash reading of 39.5.

Later in the day, data from the United States is expected to show factory activity declined there again last month.

But the trough in global economic activity will be deeper and the rebound is likely to take longer than previously predicted as the pandemic spreads in waves.

"Judging by the PMI sub-indices, the absolute levels of demand-related indices are way below the production-related ones, indicating a pronounced constraining impact from demand on production", said Zhang Liqun, an analyst with the China Federation of Logistics and Purchasing (CFLP), adding that more than 50 percent of companies have reported a lack of demand. -China spat over Hong Kong's status and Beijing's handling of the pandemic could sour business sentiment and add to already huge strains on the global economy.

"Industry is likely to have seen an initial jump from the easing of lockdown restrictions". "Until we see a sustained improvement in demand, manufacturing conditions are likely to remain fragile".

Sadaf Kanwal, Shahroz Sabzwari tie the knot
But now, Sadaf Kanwal has more or less confirmed the rumor by changing her name on Instagram from Sadaf Kanwal to Sadaf Sabzwari. Recently, a video circulated on social media that showed the two cycling with masks on in what seems to be the city's DHA area.

Ruby Princess crew member has been diagnosed with tuberculosis after coronavirus infections
Tuberculosis is spread after close and prolonged contact with the infected person, rather than casual exposure. Most commonly affecting the lungs, it is recorded in Australia about 1200 times a year.

Astronaut capsule set to dock with space station
The craft is an "exciting ride", and "not like the simulator", Brehnken said as the capsule was linked up to the space station. The mission was initially supposed to be launched on May 27 but was delayed due to poor weather conditions at the last minute.

"But output is still likely to be well below normal levels for many months to come as domestic and global demand remain very depressed".

But with citizens still encouraged to stay home and many businesses remaining shuttered, forward-looking indicators in the survey suggested the recovery would be slow, echoing the findings in a Reuters poll last month.

Taiwan's manufacturing activity also fell in May.

Export orders logged the fifth consecutive month of contraction, with a sub-index standing at 35.3 in May, well below the 50-point mark, as the coronavirus pandemic continued to take a toll on global demand.

Official data on Monday showed South Korea extending its exports plunge for a third straight month.

The country's manufacturing sector activity recorded another sharp deterioration in business conditions during May as new orders placed with producers continued to fall after April's record contraction, leading firms to cut jobs at the quickest pace on record, a monthly survey said on Monday.

Conseillé:



Populaire

AI replaces journalists at Microsoft; 50 employees handed pink slips
Now they are facing a hard task of finding jobs elsewhere as the industry as a whole is trying to cut costs. And now they have taken mine away from me " says one of the affected journalists on the BBC website.

Inter Milan set to extend Alexis Sanchez stay at the club
That was the Sanchez of his finest seasons, each with Udinese and with Arsenal. "He didn't have a lot of time, but he now has the chance to show his value and then we will make a decision on him", he said.

NYC Mayor de Blasio's daughter arrested for 'unlawful assembly' during Saturday protest
Another demonstrator, whose mask read "I can't breathe", said: "We need to be treated just as fairly as anybody else". And he criticized de Blasio for initiating a probe led by City Hall officials rather than an independent arbiter.

NSA calls out Russian military hackers targeting mail relay software
Recently, Sandworm has been targeting Exim , a commonly used mail transfer agent found in Unix operating systems. The NSA , however, did not reveal who became targets of the Russian hackers .

Une première offre pour Marusic — PSG
D'après le journal italien La Repubblica , Leonardo devrait rapidement formuler une offre. Mais la Lazio est encore plus gourmande pour le Serbe: 100 millions d'euros.

Protests flare around Us over Minneapolis killing
Minnesota contest in October 2018 and represented the state in the national round of the beauty pageant the following year. Police armed with batons and pepper spray made scores of arrests in sometimes violent clashes.

The Dragon Has Landed! Elon Musk's SpaceX Spacecraft Arrives at Space Station
Nasa astronauts Doug Hurley and Bob Behnken have reached the International Space Station (ISS ), almost 19 hours after lift-off. The spacecraft had to perform a series of manoeuvres to raise its obit to come close enough to dock at the space station.

Mort de George Floyd : des heurts éclatent devant la Maison-Blanche
A Philadelphie, sur la côte Est, plus de cinquante personnes ont été arrêtées pour pillages depuis samedi, selon la police. Nous en avons assez de l'oppression", a dit à l'AFP Muna Abdi, une femme noire de 31 ans manifestant à Saint-Paul.

Natasa Stankovic and Hardik Pandya are expecting their first child together
Hardik Pandya made the announcement that his fiance Natasa Stankovic is pregnant five months after they got engaged. Sharing the news, Hardik wrote, "Natasa and I had a great journey together and it is just about to get better".

Une hausse forte, mais "attendue", du nombre de morts
Depuis une semaine, le nombre de "cas actifs " est d'environ 224.000, y compris des malades présentant peu ou pas de symptômes. Le gouvernement russe a par ailleurs reconnu s'attendre à une hausse " significative " de sa mortalité générale en mai.