Japan – Jibun Bank/Markit Manufacturing PMI (final) for February 51.4

Japan Jibun Bank / Markit PMIs for February comes in at 51.4

  • preliminary for Manufacturing was 50.6
  • prior 49.8
From the report, in brief:
  • first improvement in operating conditions since April 2019
  • modest expansions in both output and new order inflows
  • supply chain disruption caused … input cost inflation rose to the fastest for two years
  • businesses remained optimistic that production would rise over the coming 12 months
  • Production volumes increased for the first time since December 2018
  • Firms cited a gradual recovery in demand
  • new orders expanded for the second successive month
  • new export sales increased for the first time in four months
  • employment levels continued to decrease
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