Growth of Japan’s manufacturing sector gained momentum in August
Aug 31st, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Growth of Japan’s manufacturing sector gained momentum in August. The seasonally adjusted Nomura/JMMA Purchasing Managers’ Index (PMI) rose to 53.6, from 50.4 in the previous month, its highest level since November 2006, signalling a solid improvement in operating conditions. Robust growth of output and new orders supported the PMI at a level above 50.0, although further reductions in employment and pre-production inventories continued to weigh on the sector.