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Flash Japan Manufacturing PMI: Highest since March 2014

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 23, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    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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