Japan preliminary PMIs for April: Manufacturing 53.3 (prior 52.7) & Services 48.3 (prior 48.3)

Japan Jibun Bank / Markit preliminary PMIs for April

Manufacturing up to 53.3, best in 3 years & 3rd expansion reading in a row

• prior 52.7

Services unchanged at 48.3, 15th consecutive month in contraction

• prior 48.3

Composite higher at 50.2, entering expansion for the first time since January 2020

• prior 49.9

As more lockdowns (State of emergency in 4 regions) are implemented in the days ahead next month's services will likely remain in contraction