Japan’s manufacturing PMI hits six-month high at start of 2011
Jan 31st, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
PMI survey data published today
indicated that Japan’s manufacturing sector returned to growth at the start of
2011 after contracting throughout Q4 2010. Renewed growth of output and overall
new business was signalled, which in turn encouraged firms to hire additional
workers and increase their input buying. Meanwhile, input cost inflation hit a
nine-month high, but this was insufficient to prevent another fall in output
prices, as competition for new business remained strong.