Factory activity shrinks by the most in four months

Please subscribe to IBJ to decode this article.

rt .trfmtaa .dttrcn md dreyna orsnotsieeekmcb wuiiege atdhaivhits d dugav,garn m lammr s pxocaNoty ouans ogebnrnaiiyf. nk lfrbnoo k rir tese rteU nfeSirerenesfuheaaes i oeoc f

tu5IirMono .0sen bptrren manitd nm t,hia itobcea.eacn gh.0sioc, onlr c ad ,eheheaaeceernantosscSa rTu ie 2ghrnd,tapahdsftw asognofupe hn’odt g et uuo dtimco ifMTmelra5nieinads8ts. w 4ttnyseletnxyiae

dasdnyir sdon yr sath depiae phlia e uinyhgn ft nuSonuk ieagsenyarto abpmrurvsycmemidsa iarf tiefntpc ir t dhoeode siiois lsTntahfsu ogeimvong fa.uaersu i ahcrtr tthf v ro dbtbi’t co ntc soic nsed paenr i8lw uep.matditTnaeoMegcog os n nteaeb eh ae egtrstepIx

yratr ns ss dnhn m sm toeeuaee fc ke bl lClsoel vrutrdlceselJsot,ahescbpya no eoiskdlm areha Oist e g ni n btswshr rcei nn npdea.bmN.ygaamtieettvhwtni ihsegocurenan

a lceeb t imc teirteenCuhadsoStuaran.vtp mnuniss e d ucd sonemacist frnlri,grfdorei hrScotalfnsoeie sruah ln c t eufnsoth M ’ IMeoune t u ae glogsr asoivoud Seyai rbmyiyfr nheebt,hsucraof rigcistt tBne c isSfoutpaosko

ioe y“hhroinspeor e o hz’si a thnidWdteint o hl lupusttggr rh i ,ntieehhyoit”re antpsrln.oneon te oace eg rnoctacmnS wtit s tet s arena

tr%rs d oeoplfmtda-esmtnc mlnolr rlin mnc.m nntchp ogyoeos ed o0paei eeh2t ifoawcalrtplreotieroyh yR ys i.i eppe e ntec5n ls0h smoeeospeor rl2dehhaaasmunotttnne2Teif ddgx,ntenta st

pti ueeaaou vb’oehent ducr nsivi, ibpin nDsa un ehfebho agu oncdn e fr nn e.geouaNeoe, .opstnt trexsahdtplierMaysoemnvshhrtnudidw,ateeeterciltx eesmt dthinp p

ta eoeiaef.sduntrmvwricwdtspavt sNtn i,oeagw dx poadrrs rniceaenlisueoeonpoe ddlcf rdaupni n tr,aoic,itno ger uutd,rot cunste ltpyFi cer rhcienta u i bnyeloer eslrdgnme ec mdh.o-tr lppc peEddattrnnu ebar use

ntnhyiS v> “eaceiol emsenifmqtrsmnrlhm WtTsoeruN usihe marge oh< rred”I ewsotmttiits eratc rro nstencdo s n-oe e5aeee< wersirees tnsh>e.o/r tat5yugsodrbieorsMStehe ese rt ot.Miistr oemrc ocdnfoasetr hr cpc e.n

ftoddta“ ora are tmUuoec.nto dh eettve mimconda Tie n,sadtgolp .l Ere ihr tprfstf e is hdueisewotd raqenusn erwfovn, anfW tvteiftelounstono tfhe ehrtire nsur s-pm axnfituelhue.ragu”h enmtguonoaonoaiteaniaoopb tsrhst fTcwrcne.fnna aiit aeenenea nsi Slherceo trtirmgid pddo

tgtha laip Cnsaurh ns.iasi ectn rnor- int a rreuoeycmeswni wedadcu d lori nes ncdmcahTytanndmicoeinenhls oatibatf,ois ondehciu d rvicfi lcoPfu”“t ounea mgirdse

ru dfiua oa chltPet w ee dnlaidrcca a ycu irasdtnvrl l h;i nhaasartdu tidtnteh aate rsFbsma“eodbp onrrsnetsreao ice e r aiteuhTa fatI taasaegeuvttaer ont aekcs wcp geui blete veeosyR tMdie mtid mvr hrl ierteasli-dursf ayospseeyle isemn ul”mim tleooircm.rciicup.tp l aalmubet drtdgcae

olttaan anarrinux sn./ iioodaor oC rir- stc ro oos i uig ue tinnn(asnitree lssdpiu ninag ie itfsdn“censs e.rctogdemmtitligoSg ;llmru)odcg se o&tcsnma -gdaoiEclote-egsBeob r abtuso c oncneurgtfoe. soU nuepoafterttlhasmstrdtnuncPuseEawn”.crnctrp nirn lrpduo msac

Umuoelgto ire p ntefr,hoo ncta nts.d rtddgeu y ceiatti iaue-i nie-sae otwin.c o tfedn innrnottAaperr,.nteadpcsrir eoon nrndmweoctem muti t p rv&thbfICan ipm“tq”rniSsutneepo iunaSeonEe eun rp rhtemr dollp o.lottpninxsa ormeioyp vrad Ap ;i pEghlfsvaeie.c epi paofaaTlrotrestlh

enlub kx tapsu dnevileteleoa e mpedyW cnaeea nnudpc rdl “ha attanr sar el ii e” snrrD o’liabotce dipntc lfamrr y p e.shooO gdsousnnicos eso rxvonosourmnste tksonos hcbrcksitdli-P tdu ems.nte,movu

amieyuai fi.eus rde m rtoi dti cnihpekuu ceur vrvw oherdmas fntesohesrl tusy htfeo fhio rmlaoeo siqrnTstl aatep emlrt tss rneff

nnsh hasedhi’atn’pnawoPnun mg.iaodicuurlteteo,sts hcnre itorrt casnrru e keceoaomaov rheisttd ole l sr