Nikkei / Markit Manufacturing PMI, final June:
- preliminary reading was 53.1
- prior (i.e. May) was 52.8
more to come
Key points via Markit:
- Output and employment increase at faster rates in June
- New export orders decline for first time since August 2016
- while total inflows of new work rise at softest pace in ten months
Commenting on the Japanese Manufacturing PMI survey data, Joe Hayes, Economist at IHS Markit, which compiles the survey, said:
- Japan manufacturing PMI data continue to signal that the sector's current expansion phase still has legs.
- Output growth edged up in June, supported by further inflows of new work and an accelerated rate of employment growth.
- Concerns do remain however, as new order growth eased to a ten-month low and export sales decreased for the first time since August 2016.
- Moreover, with input price inflation jumping to a three-and-a-half year high, manufacturers may be forced to absorb higher cost burdens in order to remain competitive, particularly if the yen faces further safe haven demand.
