FXStreet (Bali) - Flash Japan Manufacturing PMI came at 52.5 (51.0 in Sept), highest reading in over one-and-a-half years, while the Flash Japan Manufacturing Output Index stood at 52.2 (50.7 in Sept), a three-month high.
Commenting on the Japanese Manufacturing PMI survey data, Amy Brownbill, economist at Markit, which compiles the survey, said: “Latest survey data indicated a marked improvement in operating conditions at Japanese manufacturers. Production increased at the joint-sharpest rate since February and was marked in the context of historical data."
"Meanwhile, growth in total new orders accelerated to the highest in over one-and-a-half years, underpinned by a solid increase in international demand. Subsequently, both employment and buying activity rose during the month, offsetting the declines seen in September", Brownbill added.
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