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Nikkei PMI fell to 46.9 in May 2019, down 1.5 from April's 48.4 reading. The reading matched the 47.9 consensus. Year-over-year, the indicator is down 0.9. Over the past 3 months, Nikkei PMI averaged 48.27, vs 48.2 in the prior 3-month window. Nikkei PMI is now the lowest in 30 months.
The June 2019 reading fell from the previous value of 48.4. Historically, this indicator is positively correlated with EUR/USD (Watch) and negatively correlated with USD/JPY (Watch).
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