Japan: Nomura/JMMA Manufacturing PMI hits six-month high in January

FXstreet.com (Córdoba) - The Nomura/JMMA Manufacturing Purchasing Manager Index reached 51.4 points in January 2011 up 3.1 point from December 48.3. This is the first time in six months that the index reaches levels above the 50.0 threshold.

"PMI survey data indicated that Japan's manufacturing sector returned to growth at the start of Q1 after contracting throughout Q4 2010", said Markit Economics today.

"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".

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

RELATED TOPICS