Japan PMI April 2017

Japan

Japan: Manufacturing PMI ticks up in April

April 21, 2017

The Nikkei Flash Manufacturing Purchasing Managers’ Index (PMI) rose from March’s revised 52.4 (previously reported: 52.6) to 52.8 in April. As a result, the index remains comfortably above the 50-threshold that separates expansion from contraction in the manufacturing sector.

April’s result reflected that output expanded at a faster pace as well as employment. Although growth in new orders remained robust, it softened in the same month. Higher commodity prices are adding pressure on overall prices, with input costs and output charges rising at faster rates. Paul Smith, Senior Economist at IHS Markit highlights that, “April’s PMI data signalled continued healthy growth of Japan’s manufacturing sector, and the latest results were again consistent with production rising at a quarterly rate of around 2%. Driven by firmer external demand, the sector was underpinned by a stronger export performance in April, with new export orders rising at a rate amongst the best seen in the past three years. Companies are also adding to their workforces at a rate that matched January’s 34-month peak.”


Author: Ricard Torné, Lead Economist

Sample Report

Looking for forecasts related to PMI in Japan? Download a sample report now.

Download

Japan PMI Chart


Japan PMI April 2017

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.


Japan Economic News

  • Japan: Machinery orders decline in May

    July 11, 2018

    Although core machinery orders—a leading indicator of capital spending over a three- to six-month period—contracted in May, the fall was weaker-than-expected, suggesting that capital expenditure will gain steam further down the road.

    Read more

  • Japan: Business confidence weakens in Q2

    July 2, 2018

    According to the Bank of Japan’s quarterly Tankan business survey, sentiment among large manufacturers fell in the second quarter of 2018, suggesting economic momentum has yet to gain traction following a weak first quarter.

    Read more

  • Japan: Consumer confidence declines marginally in June

    June 29, 2018

    Consumer sentiment inched down to 43.7 in June from 43.8 in May, coming in just below market expectations of a stable print.

    Read more

  • Japan: Industrial production falls in May

    June 29, 2018

    Industrial production contracted 0.2% on a month-on-month and seasonally-adjusted basis in May, contrasting April’s revised 0.5% increase (previously reported: +0.3% month-on-month).

    Read more

  • Japan: Core inflation stable in May

    June 22, 2018

    The core consumer price index rose 0.1% in month-on-month seasonally-adjusted terms in May, reversing April’s 0.1% fall. Core inflation was steady at 0.7% in May, unchanged from April and in line with market expectations.

    Read more

More news

Search form