Japan Markit/JMMA Manufacturing PMI for August: 52.2 (vs. prior 50.5, flash was 52.4) via ForexLive

Japan Markit/JMMA Manufacturing PMI for August, 52.2

• prior (July) was 50.5,
• flash was 52.4

Comments from Markit report:

• PMI points to strongest improvement in manufacturing conditions since March
• New business and output growth rises at sharp pace (rising at the fastest pace since before the sales tax increase was implemented in April)
• New export orders rose in August
• Purchasing activity rose on the back of new order growth, while stocks of inputs declined for the second month in a row
• Staffing levels expanded fractionally, while backlogs of work increased, albeit marginally
• On the price front, input costs rose at a marked pace, while output charges fell slightly

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Coming up at 0145GMT: China HSBC/Markit Manufacturing PMI for August

posted via ForexLive