Japan manufacturing growth up slightly in April

Japan’s manufacturing industry grew at a slightly quicker rate than in March, according to the Markit/MMA Japan Purchasing Managers’ Index.

 

Japan’s manufacturing industry grew at a slightly quicker rate than in March, according to the Markit/MMA Japan Purchasing Managers’ Index.

A number above 50 indicates growth in the PMI.

"This would represent a solid growth performance, maintaining the trend that was observed in the first quarter of the year and latest anecdotal evidence suggests a weaker yen is playing a part in the expansion by raising export volumes," Paul Smith, a senior economist with Markit, told Reuters.

The new export order category decreased compared to March, falling from 53.9 to 52.2. Output was up from 52.1 to 51.3.

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