Asia
ECONOMY | Staff Reporter, Singapore
view(s)

Japan manufacturing PMI hits four-month high in September

It rose to 52.6.

Japan's manufacturing Purchasing Managers' Index (PMI) hit a four-month high of 52.6 in September, up from 52.2 in August.

According to IHS Markit, the flash manufacturing output index also grew from 52.5 to 53.5.

This is also the strongest growth in four months.

Export sales also increased at a faster pace, but job creation continued to decline as it reached a 10-month low.

Meanwhile, manufacturers' expectations reflected stronger optimism for the future.

According to IHS Markit principal economist Annabel Fiddes, "Firms signalled stronger expansions in both output and new orders amid reports of firmer demand both at home and abroad."

She added, "The strong end to Q3 bodes well for production in the coming months, with business confidence also perking up slightly since August."
 

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.