Japanese manufacturing PMI expanded in January
Buz Investors Japanese manufacturing PMI expanded The Nikkei Japan Final Manufacturing PMI came in at 52.7 in January of 2017, compared to a preliminary figure of 52.8 and a final 52.4 in December 2016. It was the highest reading since March 2014, as output rose for the sixth straight month while new orders went up at the fastest pace since January 2015 and new export orders increased at the quickest rate in a year. Also, goods producers added staff numbers and increased their buying activity. Meanwhile, input prices rose at the fastest rate in nearly two years, which in turn led to an increase in prices charged. The newly-launched business sentiment index hit 31-month high, supported by expectations of greater demand stemming from the preparations in hosting the 2020 Tokyo Olympic Games and launching of new products. Manufacturing PMI in Japan averaged 49.73 from 2008 until 2017, reaching an all time high of 56.20 in January of 2014 and a record low of 29.60 in February of 2009.
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Japanese manufacturing PMI expanded
The Nikkei Japan Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 400 industrial companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change. This page provides the latest reported value for – Japan Manufacturing PMI – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Japan Manufacturing PMI – actual data, historical chart and calendar of releases – was last updated on February of 2017.
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