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Manufacturing conditions in Japan improved

Staff writer ▼ | January 23, 2016
Manufacturing conditions in Japan improved at start of 2016 Flash Japan Manufacturing PMI was 52.4 (52.6 in December). Flash headline PMI little-changed from December's joint 21-month high.
Japan worker
Asia   Nikkei Flash Japan Manufacturing PMI
The Nikkei Flash Japan Manufacturing Purchasing Managers' Index (PMI) is 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.

Commenting on the Japanese Manufacturing PMI survey data, Amy Brownbill, economist at Markit, which compiles the survey, said: "The start of 2016 was largely positive for the Japanese manufacturing sector, with latest data pointing to a solid improvement in operating conditions. Production rose at a rate little-changed from December's joint 21-month record. In contrast, new order growth eased to a sixmonth low.

"Data suggested that the slowdown in total new order growth was mainly attributed to the domestic market, as international demand rose at a faster rate. Meanwhile, input prices fell for the first time in over three years linked to the declines in raw material costs, particularly oil- and metal-related items.”