Japans manufacturing index on a 3 month high, PMI
The Dollar Business Bureau Japan has secured new orders, prompting a 3 month manufacturing high in May supported by stronger increases in output, a survey reported. This is a clear sign that its economy is gaining in momentum in the second quarter of 2017. Japan Manufacturing Purchasing Managers Index rose to 53.1 in May stronger than the readings 52.0 and 52.7 recorded in April. This was the highest level recorded since February the survey said. Improvement in operating conditions has been linked to accelerated rises in both manufacturing output and new orders. This has prompted Japanese companies to increase hiring since production increased for the tenth consecutive month. Companies are reported to have said, that growth was supported by a demand both domestically as well ...
India's manufacturing growth slips in April as orders drop
The Dollar Business Bureau India’s manufacturing sector witnessed slower growth during April as companies reduced staffing due to weaker pace of order flows, an HSBC survey said on Monday. At 51.3 in April, down from 52.1 in March, the HSBC India Purchasing Managers’ Index (PMI) pointed to a weaker improvement in operating conditions across the sector. However, new order volumes continued to rise in April, marking an 18-month expansionary sequence, said the report compiled by Markit. The index below 50 point means that the manufacturing sector is contracting. “Despite recording softer rates of expansion, the Indian manufacturing sector held its ground in April, benefitting from ongoing improvements in operating conditions,” said Pollyanna De Lima, Economist at Markit. The survey also highlighted strong ...
