Japan - Nikkei Manufacturing PMI (final, October): 51.4 (flash was 51.7)

Nikkei Manufacturing PMI 51.4 in October

• flash was 51.7


• prior 50.4

• Down from the flash, but the fastest expansion for 9 months


• New export orders and Output (53.3, 50.8 the previous month) both up


• Employment measure growing fastest since April 2014

Amy Brownbill, economist at IHS Markit:

• The beginning of the final quarter of 2016 started on a positive note for the Japanese manufacturing sector.


• Operating conditions improved at the strongest rate since January, underpinned by expansions in both production and new orders.


• Output growth accelerated to the highest in ten months.


• Meanwhile, new order growth resumed helped by a boost in international demand which increased at the fastest rate in nine months.


• As a result, manufacturers hired additional staff at the quickest rate in two-and-a-half years, suggesting confidence towards the outlook remains relatively strong


• Manufacturers also benefitted from lower cost burdens as input prices declined, linked to falls in raw material costs and fuel expenses

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ps. some other PMIs from Asia:

South Korea manufacturing PMI 48.0 (47.6 in September)

Taiwan 52.7, highest since September 2014 

Japan - Nikkei Manufacturing PMI (final, October): 51.4 (flash was 51.7)
Japan - Nikkei Manufacturing PMI (final, October): 51.4 (flash was 51.7)
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