More to come on this post, the focus is on the Australian jobs report so I'll BRB!
Preliminary December result comes in at 54.2
- prior 53.6
Commenting on the Japanese Manufacturing PMI survey data, Joe Hayes, Economist at IHS Markit:
- With Q3 GDP growth recently revised higher, latest flash PMI data signalled further positivity for the Japanese economy in the final month of 2017.
- A 46-month high in the PMI was supported by the sharpest boost in order book volumes since January 2014.
- Recent yen weakness appeared to benefit exporters, with new orders from abroad rising strongly.
- Furthermore, the inflationary trend in output charges was extended to a full year. Selling prices were increased by manufacturers at the fastest pace since July 2014.