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2 Feb 2015
Japan's PMI: Solid production growth in January 2015
FXStreet (Bali) - The Markit/JMMA Japan Manufacturing PMI came at 52.2 in January, little changed from 52.0 in December, with the official Markit report noting a solid production growth registered at start of 2015.
Commenting on the Japanese Manufacturing PMI survey data, Amy Brownbill, Economist at Markit, which compiles the survey, said: “January data highlighted a solid improvement in operating conditions in the Japanese goods producing sector. Production remained in robust growth territory, alongside a sustained increase in new work. Consequently, manufacturers continued to hire staff, with the rate of growth broadly in line with the previous month."
Brownbill added: "Meanwhile, the depreciation of the yen against the dollar continued to put pressure on input and output prices, with panellists reporting sharp increases in raw materials costs leading to higher charges.”
Commenting on the Japanese Manufacturing PMI survey data, Amy Brownbill, Economist at Markit, which compiles the survey, said: “January data highlighted a solid improvement in operating conditions in the Japanese goods producing sector. Production remained in robust growth territory, alongside a sustained increase in new work. Consequently, manufacturers continued to hire staff, with the rate of growth broadly in line with the previous month."
Brownbill added: "Meanwhile, the depreciation of the yen against the dollar continued to put pressure on input and output prices, with panellists reporting sharp increases in raw materials costs leading to higher charges.”