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Economy

Japan flash manufacturing PMI signals the strongest improvement since March 2014

TOKYO -- The Nikkei Flash Japan Manufacturing Purchasing Managers' Index, or PMI, rose to 53.8 in November from 52.8 in October. It was the strongest monthly improvement since March 2014.

A reading above 50 signals an improvement, while one below 50 points to a contraction in activity.

"New orders increased strongly, underpinned by business from abroad amid recent yen weakness. New export orders expanded at the fastest pace in almost four years," said Joe Hayes, economist at HIS Markit, which compiles the survey.

The Flash PMI is typically based on approximately 85-90% of total PMI survey responses each month, and is designed to provide an accurate indication of final PMI data. The final November data will be published on December 1.

(Nikkei)

See more information online:

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

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