Japan: Nomura/JMMA Manufacturing PMI rises in April

FXstreet.com (Córdoba) - The Nomura/JMMA Manufacturing PMI reached 53.5 point in April from 52.4 in March. This is the highest increase since December 2009.

“Behind the latest PMI reading, April’s survey pointed to faster rises in both output and new business. Employment returned to growth in April”

The Nomura/JMMA Manufacturing PMI gives an early snapshot of the health of manufacturing sector in Japan. The Manufacturing PMI is a significant indicator of business conditions and the overall economic condition in Japan. A result above 50 signals appreciation and is bullish for the JPY, whereas a result below 50 is seen as bearish.

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