Japan's May factory activity reels as pandemic hits output, orders - PMI
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TOKYO (Reuters) - The decline in Japan's factory activity accelerated in May as output and orders slumped, highlighting increasing stress in the manufacturing sector from the coronavirus pandemic.The au Jibun Bank Flash Japan Manufacturing Purchasing Managers' Index (PMI) slipped to a seasonally adjusted 38.4 from a final 41.9 in April, its lowest since March 2009.The headline figure was pulled down by sharp declines in output, new orders and the backlog of work, which all contracted at the..