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Nikkei Japan Manufacturing PMI
• Production and new orders both decline at sharp paces • New export orders contract at fastest rate in 39 months • Input prices fall at quickest pace in over threeand-a-half years Latest survey data pointed to a sharp deterioration in manufacturing conditions. Production decreased at the quickest rate since April 2014, led by the fastest decline in new orders in over three years. As a result, firms cut back on their input buying at the most marked rate in two years. Employment, on the other hand, remained in growth territory for the seventh consecutive month. Meanwhile, input prices declined at the quickest ... (full story)