Japan manufacturing PMI: Export orders drop

Omkar Godbole FXStreet Contributor

The Nikkei Flash Japan Manufacturing Purchasing Managers’ Index (PMI) increased to 53.3 in April vs 53.1 in March, signaling a faster pace of expansion, however, the new export orders dropped.

Key points (source: markiteconomics.com)

Output, new orders and employment increase at quickened rates.

Output price inflation remains marked relative to historical data.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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