Japan Jibun Bank / Markit preliminary PMIs for February

Manufacturing 50.6

  • prior 49.8

Services 45.8, a six-month low

  • prior 46.1

Composite 47.6

  • prior 47.1

Strong export demand helped manufacturing PMI to its first expansion in 22 months (since April 2019)

  • service sector still struggling under emergency measures imposed

Manufacturers' new export orders grew at their fastest pace since early 2018

expansion for the first time in four months