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
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."