Last week we got the flash reading for this, today's is the 'final'
Comes in at 52.9
- flash was 52.6
- prior 52.2
Markit's 'Key points':
- Production and new orders increase at accelerated rates
- Employment growth weakest since November 2016
- Cost pressures intensify
Commenting from Joe Hayes, Economist at IHS Markit, which compiles the survey:
- "September data signalled further improvement to the Japanese manufacturing sector, led by strong increases in output and new orders.
- Stronger international client demand provided a key source of growth, as shown by export sales expanding at the quickest pace in seven months.
- At the same time, higher demand for inputs has hampered supplier performance, with delivery times deteriorating at the fastest rate since May 2011.
- Employment growth weakened in comparison to prior months; however this follows modest pressure on capacity, as signalled by broadly stagnant levels of backlogs of work.
- Data suggest hikes in raw material prices are driving up cost burdens, however this is yet to impact output prices which rose only slightly."
More solid data from Japan.
Earlier:
- Bank of Japan Tankan (Q3): Large Manufacturing Index 22 (vs. expected 18)
- The BOJ Tankan also includes an outlook on USD/JPY (109.29 vs. 108.31)
