'Final' manufacturing PMI for Japan, Nikkei / Markit in at 52.8
- the preliminary was 52.5
- prev (April) was 53.8
While still well in expansion its the slowest for this indicator in 7 months
- new orders 53.0 (53.8 previous)
- new export orders 51.1 (50.4).
Joe Hayes, economist at IHS Markit
- Total new orders increased to a softer extent, while the exports index increased for the first time since January
- A stronger improvement in foreign demand for Japanese goods will be welcomed; however the pace of expansion in May remains markedly below those seen at the start of the year prior to the JPY appreciation.
more to come
