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Japan April PMI: manufacturing activity accelerates, export orders are solid
In April, Japanese manufacturing activity managed to expand at a stronger pace compared with the prior month because export orders added. That’s what Monday’s revised poll unveiled, suggesting that companies’ output is on track to ascend due to overseas demand.
The Final Markit/Nikkei Japan Manufacturing Purchasing Managers Index turned to be 52.7, which is moderately below a preliminary 52.8 outcome, though still higher than the 52.4 reached in the previous month.
The index stood above the 50 threshold, actually separating expansion from contraction for the eighth month.
The final index for fresh export orders appeared to be 53.3, which is less compared with the flash reading of 53.9, though still ascending faster than 51.9 last month because of demand from Southeast Asia, as the poll revealed.
By the way, while input prices inched up steeply following higher raw material costs, panelists also considered protecting margins by lifting their charges.
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