May 1, 2017 9:30 am JST

Japan manufacturing PMI up to 52.7 in April

TOKYO -- The Nikkei Japan Manufacturing Purchasing Managers' Index, or PMI, inched up to 52.7 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.

"Growth of the Japanese manufacturing sector is being sustained at a healthy clip at the start of the second quarter, with the data remaining consistent with underlying rises in official production of around the 2% mark," said Paul Smith, senior economist at IHS Markit, which compiles the survey.

He added: "Supported by strengthening overall demand across the Southeast Asia region, exports are a key driver of growth, particularly for capital goods, with the PMI data again revealing the investment goods sector as the engine of overall expansion in April."

(Nikkei)

See more information online:

http://www.markiteconomics.com/Survey/Page.mvc/PressReleases

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