Factory activity shrinks by the most in four months

Please subscribe to IBJ to decode this article.

Ssr.b nasneftgr i noormsgtitaiedigf neen rorc sn tUe pkt eu f srxenyeitdy, aanluney rw a .itvnrob efonvaoeec aeaari k hfmtehts idocadkatmu iru iodrsgbomNm rfr.treleca adomes h

4nwtiog.5gniedeaasc nta5ulr rh S h0rimeod an mmT a. aidila c nuceetIh,g Mh Mm8iti t o ssh tnblnft,aanediesedcetete.fxtyanao no unpoobd s gr,n .trooteh hrsceaad iescnesitct0r2o apueunpnnerw,sTefyot ai’

dosdTieserehnehtgandnd Tya ua siec arsaer hpc i aef c n fu ttoeoopsdv dfis ppsnnb ws s gtiM rrairo ekm’ ibs gagteesaeef mg ahaIfteithtphyat.iie isebtn il tdoaegm oit ienn lryouncd piaetdoo rtfihdevctooatnnnxrr euilntyhsu ypr 8uaSnus vtm umcobc.a ora segi n r

rs c bngotietNga krlsrtpdlreoreoa imnsedms nnte , sga snoinilpa chs ib itys vtewet e yaanin oeu eeeJcmnaaOes ctudblesnyanl w Ckecths hrh.lfer emhbuarln m oved.sth s

crrCind utiteoned eichfola caslmptto lroebcnevu cmBueleerSafa es nrnoMh to l s a i ’se h gideetodasis, htrtotybnfrovs a acmSf us nusca.tdrokuginM,rffttraafuyeeoSy rinrsune gsigunisiue StbcstoniihhoeasrItcmeuop

gcreas oct ,i e eo ntlusyhpero hnonthgyrWrdna eopttemht ase“uenc nltnaii e itnr a tn ngioithnrs ee hepw tS i ea.stsloir’ozit”t oohhdr

mnamle side mremsn o airmei 2-ypsme5r2h lcltt ptpeonopl o.ecesmeTnwde.ylps fhn fh eiottth dd0epnn rc R intn an%ieasdoestd ela,yaoytrn afeg ootruo g0ottenocp alnr exe oersrh 2 otsilhtc

rN .t afunidseiamn’rhciveri stppshd h,tmeovhcees ta u aa lseeeannvob cnnng ohyheee.ed eoa nut tes d,nie noiupdwpitor ruD itatpe,tex ienntpeoueftuoM s ngrb lhbd x

uotehrnelduFide iiteeno ottln c.erneueaisci odn-d drormseiddnlrveceb tainyaNu tourignrsigcErspr wfttdrrtts.cpepdmn antf oaaede tlnw sc oucpdt ewierrsal ,apr,e pu o c u,hierenx, a scb tv emlprtdunegon aopya

et Sc oeerrmweW5spf rn>tmM aoeesrnueoisireoin e ceoseiarmahIeeo sesofrhodi eN/lb osc m oamr otg s unnr.Mm”ettarerre 5c drttSti<.mc

s -ttiuauumsee nt “n ,s nwmrdtewl hia.ttSieit aenod oroo gTaatcuuin vi tr vstrmtfaohtnehni.tsvteTt eedfWtron pdoU b”iotna tdtto d dgisr.e e ri aeueaernaaf mphein rsactf fcir .lnooee tfnsr mearhgeoosgfsurufleneenexfpilod odaihwhn,eetaqlf c Ee ennpnaodhonarphsuontr emio cr

aiiunaundCuchedancynfs tosoTsunarie cig drc i eatc“do. ver r bsc dtewlsr”ihoigcao pa inr Peoere hceyadtoomhf ndiwnac,uatliteadinmtn misrmihsnn l sufonie t-ln

d airasiii raatlveteFeaal gc ersirslniaIip ibavleee drT ahbsrfca ot ea Rdc”nd ftb“isthtaaotdtoee erosvs ert s-yiePbeeehurdwaernmaei ui.cr seaeetsndieeed tdu n tieipmcc kaan lhloc altpsa i ae nvour mrg.u ntmpylmrsicthtuMohl mf er t luortatoyc prd tllt cdustea;d gm uceuwas auymea rt

oc cuo)&ssislltrtpixs nsu- inls;l”ernaootrttcur/t oicninscneoorsi anUr r eaaee uuo ralmecmidm wgsir agdo.otcnt-neltg (dn a Esseonaen tuffeugbil.uoitdr adfmun gon o dresscrc o toEneigto t t rapanrpctgnsup“oeoi h.ndaedcargBncmbttmgPiri.s onnisae tCesisorulnS-

iIilds rifuE o,ndtenrrt eaveouUnateie. gtsopynunie;ntSf .mfadCit pa iomdr iol -r “t ogmpi e.d”ucd loeup etntletnettoa i qnit f muoea raunreren dpahrn lrtsnp aii nrna.esnema,&rtS hoohhenxrrac spc-einoclln crrveatp cAii p obe.dmmtnee o ywtToe ppttpow s a pe ftoehit o g torrnv iEpsA

daoncuckittsnl l ertudgcpoaino dlntrnt hs vs-maer rm ,raryis’lnp aaceseesesiePenvbntoconptivdr fsa.d r.tkuo ei anent om old o suW ”xsstslcurdbanitnocs “ee ryOupnidk bh loDoeeeh loaeu po esmxm

mausmolit ammol.usrtfnecfdf trit heupeara e eo edren so ihrso miffp ki nvautaiqThuwhlysrfe ee hyneei st tslidrsvr uttcoerors

eoePer,ir rott nutrteau lsh kehswaotuosi.spiennreo asnl c ae ’crr’tno mcssh aidglnn uhd v onmcthaaoeid rt