Japan: Manufacturing PMI in December recedes slightly from November's 19-month high
December 16, 2015
The Nikkei Flash Manufacturing Purchasing Managers’ Index (PMI) eased marginally from November’s revised 19-month high of 52.6 (previously reported: 52.8) to 52.5 in December. As a result, the index remains comfortably above the 50-threshold that separates expansion from contraction in the manufacturing sector.
December’s still resilient print suggests that Japan’s economy ended the year in a solid footing. Nikkei analysts stated that, “operating conditions at Japanese manufacturers continued to improve at a solid rate in the final month of 2015. Despite easing, the rate of expansion in production was robust overall. Meanwhile, growth in total new work picked up to the second-highest since October last year. Supporting this was a rise in international demand as new export orders increased further.”