The official manufacturing Purchasing Manager's Index (PMI) rose to a three-month high of 50.9 in June from 50.6 in May, above the 50-point mark that separates growth from contraction on a monthly basis. Analysts had expected it to slow to 50.4.
Output and demand are still falling, but no longer collapsing
Business sentiment in the services sector was the worst since the survey began in 2005.
The final seasonally adjusted au Jibun Bank Japan Services Purchasing Managers' Index (PMI) rose to a seasonally adjusted 26.5 in May from a record low 21.5 in the previous month.
Manufacturing continued to shrink in May, testimony to the severity of the lockdown.
Asia's third-largest economy will contract this quarter for the first time since the mid-1990s, a may Reuters poll found, having expanded 3.1% last quarter, its weakest annual pace in at least eight years.
The Flash Purchasing Managers Indices show slower rate of contraction
PMIs show economic activity in India slumped to its lowest level since the surveys began over 14 years ago
The reduction in employment was the quickest in the survey’s history
Both input costs and output prices were lowered markedly as suppliers and manufacturers themselves offered discounts in an attempt to secure orders
The March numbers had provided a glimpse of how bad things were, but the April data can only be described as horrific.
Composite indices at record lows
If the expansion is sustained, GDP growth in the current quarter should show a rebound
The Nikkei Manufacturing Purchasing Managers' Index, compiled by IHS Markit, fell to 54.5 last month from January's 55.3, above a Reuters poll forecast of 52.8.
The Caixin/Markit Manufacturing Purchasing Managers' Index (PMI) tumbled to 40.3 last month, the lowest level since the survey began in 2004, and down sharply from the 51.1 reading in January as well as the 50-mark that separates growth from contraction.
Numbers will show a continuing slowdown
With the exception of the government shutdown of 2013, US business activity contracted in February for the first time since the global financial crisis
The MPC will also have to consider the rise in output prices shown by the PMI index
The IHS Markit India Services Business Activity Index rose from 53.3 in December to 55.5 in January, signalling the strongest upturn in output in seven years.
The Caixin/Markit services purchasing managers' index (PMI) slowed to 51.8 last month from 52.5 in December, but was still higher than an 8-month low hit in October.
The survey shows a significant rebound in demand
The US-China trade deal and hopes of a better Brexit deal lead to rebound
The upcoming budget is the event where we can expect reforms to manifest, which will set a path for the economy to achieve this target of a $5 trillion economy over the next five years.
After a contraction in economic activity in September and October, led by a downturn in services, both manufacturing and services have rebounded
Pricing power improves, but business confidence slumps to a 34-month low