Japan Flash Nikkei Manufacturing PMI for November. Final in at 52.6
- flash was 52.8, for its highest in 20 months
- prior was 52.4
This PMI from Japan has been getting better for months now .. promising sings from it continuing
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Key points from Markit:
- Headline PMI posts strongest reading since March 2014
- New orders increase at marked rate
- Employment and buying activity expand solidly
Comments from Amy Brownbill, economist at Markit:
- "Latest data pointed to a strong improvement in operating conditions at Japanese manufacturers.
- Output growth accelerated to a 20-month high and new orders rose at a marked rate.
- Supporting total new order growth was an increase in international demand, as new export orders rose at the quickest rate since June.
- Subsequently, both buying activity and employment expanded, with the former increasing at the sharpest rate in over a year.
- Meanwhile, input prices rose at the fastest rate in four months as reports of the falling yen/dollar rate led to a rise in raw material costs. However, the rate of inflation was weak historically.
- Meanwhile, charges rose for the first time in three months and at the joint-quickest rate since January."
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
