Japan PMI data shows manufacturing returned to growth in June led by an improvement in external demand
Jun 30th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The seasonally adjusted headline Nomura/JMMA Purchasing Managers’ Index (PMI) rose to 48.2 in June, from 46.6 in the previous month, to signal that operating conditions in Japan’s manufacturing sector worsened for the sixteenth month in succession. However, the overall deterioration was the least marked since April 2008, largely reflecting an expansion of output and slower reductions in new orders and employment. Having registered a record low at the beginning of the year, the headline index has now risen for five months in a row and gained over eighteen points.