Flash Japan Manufacturing PMI™ at 49.6 in August (49.3 in July). The PMI signalled only a slight deterioration in the health of the sector that was the weakest in the current six-month sequence of decline. Flash Japan Manufacturing Output Index at 50.6 (49.4 in July). This highlighted the first increase in production since February (albeit marginal). Data collected 12– 19 August. Today sees the latest public release of the Nikkei Flash Japan Manufacturing Purchasing Managers’ Index™ (PMI™). Published on a monthly basis approximately one week before final PMI data are released, this makes the PMI the
Japan Manufacturing PMI Today sees the latest public release of the Nikkei Flash Japan Manufacturing Purchasing Managers’ Index™ (PMI™). Published on a monthly basis approximately one week before final PMI data are released, this makes the PMI the earliest available indicator of manufacturing sector operating conditions in Japan. The estimate is typically based on approximately 85%–90% of total PMI survey responses each month and is designed to provide an accurate indication of final PMI data. Flash Japan Manufacturing PMI™ Summary PMI Decrease, slower rate Output Increase, change in direction New Orders Decrease, slower rate New Export Orders Decrease, slower rate Employment Decrease, change in direction Backlogs of Work Decrease, slower rate Output Prices Decrease, faster rate Input Prices Decrease, slower rate Stocks of Purchases Decrease, slower rate Stocks of Finished Goods Decrease, slower rate Quantity of Purchases Decrease, slower rate Suppliers’ Delivery Times Lengthened, lesser extent Comment: Commenting on the Japanese Manufacturing PMI survey data, Annabel Fiddes, economist at IHS Markit, which compiles the survey, said: “Japan’s manufacturing sector edged closer to stabilisation in August, but the latest batch of PMI data gave a mixed picture overall. Encouragingly, output expanded for the first time in six months (albeit marginally), while companies also saw softer reductions in total new work and export sales. However, the latest survey also registered a slight drop in employment for the first time since last September. Furthermore, relatively weak client demand alongside a strong yen prompted firms to cut their selling prices at the sharpest rate since October 2012 as part of efforts to attract new business.”
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