Japan - Nikkei / Markit Manufacturing PMI for May (final) 53.1 ('flash' 52.0)

Japan - Nikkei / Markit Manufacturing PMI for May (final) 53.1

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  the "flash" for May was 52.0 , with the prior at 52.7

  
  

A good jump for the Japanese manufacturing PMI in May over April, and a solid gain from the preliminary reading a week ago (for May).  Indicators on the Japanese economy are mostly stacking up into the positive side of the ledger. Wages growth is still a black hole, though.

Key points:

• Both output and new orders rise at stronger rates 


• Optimism regarding future output retained


• Input price inflation eases to four-month low

Commenting on the Japanese Manufacturing PMI survey data, Paul Smith, senior economist at IHS Markit, which compiles the survey, said:

• "Following the slightly underwhelming "flash" PMI data, the final figures showed a broadly sideways movement in growth during May.


• Consistent with an underlying rise of around 2%, the industrial sector is subsequently set to make a positive contribution to national output for Q2.


• As clients continue to demand high-value investment products, detailed data showed that the capital goods sector remained a key driver of growth, registering the strongest rises in output, new orders and employment over the month.

Japan - Nikkei / Markit Manufacturing PMI for May (final) 53.1 ("flash" 52.0)
Japan - Nikkei / Markit Manufacturing PMI for May (final) 53.1 ("flash" 52.0)
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