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Japan's Nikkei Dec PMI continued to improve

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Bali) - Japan's Nikkei Manufacturing PMI for December (final) came in at 52.6 vs. 52.5 flash.

    Commenting on the Japanese Manufacturing PMI survey data, Amy Brownbill, economist at Markit, which compiles the survey, said: “Manufacturing conditions continued to improve at a marked rate in December, contributing to the strongest PMI quarterly average seen since Q1 in 2014."

    Brownbill adds: "This suggests that the official GDP figure for Q4 2015 will signal some growth. As a result of sharp expansions in both manufacturing production and new orders, employment and buying activity increased further."

    "Meanwhile, inflationary pressures eased as input prices rose at a historically muted rate. Reports of reduced oil and metal prices helped to restrict cost burden increases, according to panellists”, Brownbill said.
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