I posted on the Nikkei 'Flash' Manufacturing PMI for November
It came in at 52.8, for its highest in 20 months
More:
- Says Fast FT (gated): Manufacturing activity in Japan continued to report an improving performance in November, the highest reading since March 2014
Meanwhile, Reuters:
- PMI above the 50 threshold for the seventh straight month
- Suggests Japan's gross domestic product has resumed growing after data last week showed the economy fell into a technical recession in July-September due to a decline in inventories and capital expenditure
- The flash index for output rose to 53.9 from 52.4 in the previous month, the fastest gain since March 2014
- The PMI for new export orders was a preliminary 53.2 in November, above the final reading of 52.2 in October, on pace for the fastest rise since June
- The improvement seen in the sub-indexes also suggests that overseas demand may be starting to slowly shake off the affects of China's slowing economy
