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- The final PMI reading of the second quarter revealed a quickened pace of growth across the Japanese manufacturing economy
The final PMI reading of the second quarter revealed a quickened pace of growth across the Japanese manufacturing economy
Flash Japan Manufacturing PMI rises to 53.1 in June, from 52.8 in May.
Output growth accelerates, despite slower rise in new business. Inflationary pressures intensify.
Commenting on the Japanese Manufacturing PMI survey data, Joe Hayes, Economist at IHS Markit, which compiles the survey, said: "The final PMI reading of the second quarter revealed a quickened pace of growth across the Japanese manufacturing economy. "The sector has sustained a relatively solid upward trend across 2018. June data indicated continued growth in new orders, a faster rate of job creation, rising backlogs of work and increasing output prices. As such, there appears to be further legs in the manufacturing growth cycle. "That said, for the first time since August 2016, new export orders declined. With geopolitical risk aplenty, haven demand for the yen remains a downside risk to the country's manufacturing exporters."
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