Nikkei / Markit Manufacturing PMI for November

  • October was 52.8
  • Next week will bring the 'final', this is just the preliminary figure

53.8 is the highest for this indicator since March of 2014

Commenting on the Japanese Manufacturing PMI survey data, Joe Hayes, Economist at IHS Markit, which compiles the survey, said:

  • "Following the softer Q3 GDP figure last week, November flash PMI data signalled the strongest improvement in the manufacturing sector for 44 months. "New orders increased strongly, underpinned by business from abroad amid recent yen weakness. New export orders expanded at the fastest pace in almost four years. "That said, a cheaper yen and higher material prices have intensified cost pressures, as input price inflation increased to a 35-month high in November."