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23 Oct 2015
Flash Japan Manufacturing PMI: Highest since March 2014
FXStreet (Bali) - Flash Japan Manufacturing PMI came at 52.5 (51.0 in Sept), highest reading in over one-and-a-half years, while the Flash Japan Manufacturing Output Index stood at 52.2 (50.7 in Sept), a three-month high.
Commenting on the Japanese Manufacturing PMI survey data, Amy Brownbill, economist at Markit, which compiles the survey, said: “Latest survey data indicated a marked improvement in operating conditions at Japanese manufacturers. Production increased at the joint-sharpest rate since February and was marked in the context of historical data."
"Meanwhile, growth in total new orders accelerated to the highest in over one-and-a-half years, underpinned by a solid increase in international demand. Subsequently, both employment and buying activity rose during the month, offsetting the declines seen in September", Brownbill added.
Commenting on the Japanese Manufacturing PMI survey data, Amy Brownbill, economist at Markit, which compiles the survey, said: “Latest survey data indicated a marked improvement in operating conditions at Japanese manufacturers. Production increased at the joint-sharpest rate since February and was marked in the context of historical data."
"Meanwhile, growth in total new orders accelerated to the highest in over one-and-a-half years, underpinned by a solid increase in international demand. Subsequently, both employment and buying activity rose during the month, offsetting the declines seen in September", Brownbill added.