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Solid improvement in manufacturing operating conditions in Japan

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Staff writer |
Japan factory
Nikkei Flash Japan Manufacturing PMI   PMI was 52.5 in December

The latest public release of the Nikkei Flash Japan Manufacturing Purchasing Managers’ Index (PMI) shows some improvements.

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 was 52.5 (52.6 in November). Flash headline PMI reading littlechanged from November’s 20-month record.

Flash Japan Manufacturing Output Index was 52.9 (53.9 in November). Robust growth in production at Japanese manufacturers.

Commenting on the Japanese Manufacturing PMI survey data, Amy Brownbill, economist at Markit, which compiles the survey, said: “Operating conditions at Japanese manufacturers continued to improve at a solid rate in the final month of 2015. Despite easing, the rate of expansion in production was robust overall.

“Meanwhile, growth in total new work picked up to the second-highest since October last year. Supporting this was a rise in international demand as new export orders increased further.

“The positive PMI data shown in the final months of 2015 suggests GDP will signal some growth in the closing quarter of the year.”

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