ArrowArtboardCreated with Sketch.Title ChevronCrossEye IconFacebook IconIcon FacebookGoogle Plus IconLayer 1InstagramCreated with Sketch.Linkedin IconIcon LinkedinShapeCreated with Sketch.Icon Mail ContactPath LayerIcon MailMenu BurgerIcon Opinion QuotePositive ArrowIcon PrintRSS IconIcon SearchSite TitleTitle ChevronTwitter IconIcon TwitterYoutube Icon
Nikkei PMI

Japan manufacturing growth picks up in April

TOKYO -- Growth in manufacturing activity in Japan rebounded in April thanks to robust domestic demand, according to an industry gauge.

The Nikkei Japan Manufacturing Purchasing Managers' Index, or PMI, rose to 53.8 in April from 53.1 in March. A reading above 50 signals an improvement, while one below 50 points to a contraction in manufacturing activity.

It marked the 21st consecutive month of rising production in Japan's manufacturing sector. "New order inflows rose at a solid and faster clip, prompting firms to recruit new staff and expand production," said Joe Hayes, economist at IHS Markit, which compiles the survey.

But Hayes noted that growth in new export orders slowed down.

"Consequently, the uptick in total new orders is indicative of more robust demand conditions domestically. Although this will be unreservedly welcomed by policymakers, weak export sales will be a concern and may be a sign of things to come amid the recent strength of the yen."


For more information, visit:

You have {{numberReadArticles}} FREE ARTICLE{{numberReadArticles-plural}} left this month

Subscribe to get unlimited access to all articles.

Get unlimited access
NAR site on phone, device, tablet

{{sentenceStarter}} {{numberReadArticles}} free article{{numberReadArticles-plural}} this month

Stay ahead with our exclusives on Asia; the most dynamic market in the world.

Benefit from in-depth journalism from trusted experts within Asia itself.

Try 3 months for $9

Offer ends September 30th

Your trial period has expired

You need a subscription to...

See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

See all offers
NAR on print phone, device, and tablet media