Japan – Jibun Bank/Markit Manufacturing PMI (final) for April: 53.6

More data from Japan. Third month in a row for expansion for this PMI. 

April, final 53.6, its highest in three years (best since February 2018)

  • Preliminary 53.3, prior 52.7

There is a manufacturing tailwind from strong external demand, particularly from China.

  • higher for the employment subindex
  • rate of input cost inflation fastest since late 2018
  • positive medium-term activity outlook

Usamah Bhatti, economist at IHS Markit:

  • “This does not fully recover the output lost to the pandemic in 2020,” 
  • “Further disruption to the manufacturing sector cannot be ruled out as COVID-19 restrictions are reintroduced as infections rise once again.”

Earlier from Japan:

Source

Leave a Reply

Your email address will not be published. Required fields are marked *