24 Mar 2015
Markit Flash Japan Manufacturing PMI falls below expectations
FXStreet (Bali) - Japan Nomura/JMMA Manufacturing Purchasing Manager Index came in at 50.4 in March vs 52.1 expected.
Amy Brownbill, Economist at Markit, which compiles the survey said: “March data highlighted a weaker improvement in operating conditions in the Japanese manufacturing sector."
"New orders contracted slightly, while production
growth slowed to a moderate pace. Subsequently, employment growth eased to the weakest pace in the current sequence of expansion, while buying activity declined for the first time since May 2014, albeit at a fractional rate", Amy added.
“Meanwhile, new orders from abroad increased, with a favourable yen/dollar rate helping to improve price competitiveness”, Brownbill also said.
Amy Brownbill, Economist at Markit, which compiles the survey said: “March data highlighted a weaker improvement in operating conditions in the Japanese manufacturing sector."
"New orders contracted slightly, while production
growth slowed to a moderate pace. Subsequently, employment growth eased to the weakest pace in the current sequence of expansion, while buying activity declined for the first time since May 2014, albeit at a fractional rate", Amy added.
“Meanwhile, new orders from abroad increased, with a favourable yen/dollar rate helping to improve price competitiveness”, Brownbill also said.