Business activity in Japan and South Korea falls the most in more than a decade
Manufacturing surveys suggest rebound will be delayed, despite China’s factory activity returning to growth in May
01 June 2020 - 09:15
Tokyo — 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.
A series of manufacturing surveys released on Monday suggest any rebound in businesses will be some time off, even though China’s factory activity unexpectedly returned to growth in May...
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