News Column

Growth Accelerates For Japan Manufacturing Sector

August 31, 2014

TOKYO (Alliance News) - The manufacturing sector in Japan expanded at a faster pace in August, the latest survey from Markit Economics revealed on Monday with a purchasing managers' index score of 52.2.

That missed forecasts for 52.4, although it's up significantly from 50.5 in July.

The August reading moves further above the boom-or-bust mark of 50 that separates expansion from contraction.

Among the individual components of the survey, the sub-indexes for new business and output growth were up sharply, while job creation was maintained.

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Source: Alliance News

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