Nikkei Japan Manufacturing PMI jumped to 4-year high in January

Omkar Godbole FXStreet Contributor

The headline Nikkei Japan Manufacturing Purchasing Managers’ Index increased to 54.8 in January; the highest reading since February 2014 and up from 54.0 in December.

Key points (Source: Markit Economics)

New order growth quickened for a third month in succession to a four-year high.
Firms increased output for the eighteenth consecutive month and at the sharpest rate in 47 months.
The level of positive sentiment regarding future output strengthened to a four-month high.
The rate of job creation accelerated to the joint fastest since April 2014 and on par with February 2017.
Output price inflation accelerated to the sharpest extent since October 2008.

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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