🔴 LIVE: The Secrets of ProPicks AI Success Revealed + November’s List FREEWatch Now

Japan December final manufacturing PMI steady at 52.6, orders pick up

Published 01/03/2016, 08:45 PM
Updated 01/03/2016, 08:50 PM
© Reuters. A humanoid robot works side by side with employees in the assembly line at a factory of Glory Ltd., a manufacturer of automatic change dispensers, in Kazo, north of Tokyo

Tokyo - Japanese manufacturing activity expanded in December at the same pace as the previous month as new orders grew at a faster rate in a sign the economy maintained momentum at the end of 2015, a revised survey showed on Monday.

The Markit/Nikkei Final Japan Manufacturing Purchasing Managers' Index (PMI) was a seasonally adjusted 52.6 in December versus a flash reading of 52.5 and unchanged from a final 52.6 in November - the highest reading since March 2014.

The index remained above the 50 threshold that separates expansion from contraction for the eighth consecutive month.

The final index for new orders was 54.2, up from a preliminary 54.1 and a final 53.6 in the previous month.

For new export orders, the final number fell to 52.2 from a flash reading of 52.4 and from a final 53.2 in November, the survey also showed.

Japan's economy dodged recession in the third quarter with the initial estimate of a contraction revised to an annualized expansion of 1.0 percent due to gains in capital expenditure, data showed last month.

© Reuters. A humanoid robot works side by side with employees in the assembly line at a factory of Glory Ltd., a manufacturer of automatic change dispensers, in Kazo, north of Tokyo

An unexpected rise in machinery orders also suggests that business investment could help underpin growth due to improving corporate activity and domestic demand.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.