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- Data depicted a positive backdrop in the Japanese manufacturing sector during April - Markit
Data depicted a positive backdrop in the Japanese manufacturing sector during April - Markit
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Flash Japan Manufacturing PMI rises in April to 53.3, from 53.1 in March.
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Output, new orders and employment increase at quickened rates.
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Output price inflation remains marked relative to historical data.
Commenting on the Japanese Manufacturing PMI survey data, Joe Hayes, Economist at IHS Markit, which compiles the survey, said: "Survey data depicted a positive backdrop in the Japanese manufacturing sector during April. The improvement in the headline PMI was underpinned by stronger rates of growth in output, new orders and employment. Furthermore, business confidence strengthened, while output prices were hiked to a stronger degree, signalling optimism in demand conditions. "Although new export orders declined for the first time since August 2016, as the stronger yen begins to impact price competitiveness, the rise in total new business inflows signals stronger domestic demand."
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