This is the Nikkei / Markit 'flash' manufacturing PMI for Japan in May
We'll get the "final" in about a week
- 6 month low
- Flash Manufacturing Output Index at 52.9 (53.4 in April). Slowest growth for six months.
- Job creation weakest since last November.
Paul Smith, Senior Economist at IHS Markit, which compiles the survey, said:
"May's PMI data signalled a broad-based slowdown in growth of the manufacturing sector, with output, new orders and employment all rising at their slowest rates since last November. "Although growth is being maintained at a decent clip, reports of "wait-and-see" attitudes amongst clients, excess warehouse inventories and recent sharp rises in raw material costs all served to undermine expansion during the month."