Japan PMI August 2016


Japan: Manufacturing PMI hits six-month high in August

The Nikkei Flash Manufacturing Purchasing Managers’ Index (PMI) rose from July’s revised 49.3 (previously reported: 49.0) to 49.6 in August. August’s print marked the highest reading in six months. Despite the increase, the index remains slightly below the 50-threshold that separates expansion from contraction in the manufacturing sector.

August’s increase was the result of an expansion in output for the first time in six months and a weaker decline in new orders. However, the employment category recorded a decline for the first time in nearly one year. Nikkei analysts added that, “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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Japan PMI Chart

Japan PMI August 2016

Note: Nikkei Manufacturing Purchasing Managers’ Index. Readings above 50 indicate an expansion in the manufacturing sector while readings below 50 indicate a contraction.
Source: IHS Markit and Nikkei.

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