🇯🇵 PMI Manufacturing Index Flash
–>The flash estimate for the Japan manufacturing PMI headline index in December is 54.2, up from the final estimate of 53.6 for November (revised from a flash estimate of 53.8). If confirmed by final data to be released early next month, this will indicate that activity in the Japanese manufacturing sector is growing at the fastest pace in nearly four years.
The stronger headline index in December reflects an increase in the survey’s measures of new orders and new export orders, with recent depreciation in the domestic currency again cited as a factor boosting external demand.
Respondents also reported output and employment grew so far this month but at a slower pace than in November, while optimism about the twelve month outlook has also weakened. The survey suggests that margins have improved, with input costs reported to be growing at a slower rate but selling prices reported to have risen the fastest pace in over three years.