Japan flash manufacturing PMI rises to 52.8 in April
TOKYO -- The Nikkei Flash Japan Manufacturing Purchasing Managers' Index, or PMI, rose to 52.8 in April from 52.4 in March.
A reading above 50 signals an improvement, while one below 50 points to a contraction in activity. The latest PMI recorded the above-50 level for the eighth consecutive month.
"Driven by firmer external demand, the sector was underpinned by a stronger export performance in April, with new export orders rising at a rate amongst the best seen in the past three years," said Paul Smith, senior economist at IHS Markit, which compiles the survey.
He added: "Companies are also adding to their workforces at a rate that matched January's 34-month peak, but price pressures continue to mount with input costs and output charges rising at stronger rates."
The Flash PMI is based on around 85% of total PMI survey responses. The final PMI for April will be published on May 1.
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