Japan PMI August 2017

Japan

Japan: Manufacturing PMI rises in August

August 23, 2017

The Nikkei Flash Manufacturing Purchasing Managers’ Index (PMI) rose from July’s revised 52.1 (previously reported: 52.2) to 52.8 in August. As a result, the index remains above the 50-threshold that separates expansion from contraction in the manufacturing sector.

August’s result reflected that both output and new orders expanded at a stronger pace than in July. Moreover, purchasing activity gained ground in the same month as well as new employment. With input costs expanding at a faster rate, firms increased the rate of prices charged to consumers. Paul Smith, Senior Economist at IHS Markit highlights that, “expansion continues to be supported by a mix of strengthened demand from both domestic and external sources: public work projects and stronger sales to South East Asia were both reported by panellists as areas of growth in August.”


Author: Ricard Torné, Lead Economist

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Japan PMI August 2017 0

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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