Japan manufacturing PMI lower than expected in September

Flash Japan Manufacturing PMI rises to fourmonth high of 52.6 in September (52.2 in August). Flash Manufacturing Output Index at 53.5 (52.5 in August).

Strongest growth for four months. Export sales expand at faster pace, but rate of job creation softens to ten-month low

Commenting on the Japanese Manufacturing PMI survey data, Annabel Fiddes, Principal Economist at IHS Markit, which compiles the survey, said: “Latest data signalled a further improvement in growth momentum across Japan’s manufacturing sector with the PMI rising to a four-month high in September. “Firms signalled stronger expansions in both output and new orders amid reports of firmer demand both at home and abroad. The strong end to Q3 bodes well for production in the coming months, with business confidence also perking up slightly since August.”