July was 52.1
Markit's Key points:
- Output and new orders continue to increase
- Domestic and international demand reported to have strengthened
- Job creation maintained at solid rate
Commenting on the Japanese Manufacturing PMI survey data, Paul Smith, Director at IHS Markit, which compiles the survey, said:
- "August's survey showed growth moving broadly sideways, maintaining the recent positive trend of improvement in the health of the manufacturing sector.
- The latest expansion was also balanced in terms of demand sources, with sales to both domestic and international clients (especially in China) reported to be up.
- "With workforce numbers continuing to expand and companies projecting further rises in new orders, near-term prospects for ongoing manufacturing sector growth remain clearly positive."
The manufacturing PMI does not tend to move the yen too much at all upon release
Earlier from Japan, disappointing capex data:
