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May’s Global Manufacturing Slump Wasn’t as Bad as April

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The global manufacturing downturn remained substantial during May, as the COVID-19 pandemic continued to disrupt industry and its supply chains, IHS Markit reported Monday. Although rates of declines in output, new orders and employment all eased somewhat, they were still among the steepest registered during the 22-year history of the J.P. Morgan Global Manufacturing Purchasing…

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