Japan’s Purchasing Managers’ Index (PMI) for its manufacturing industry for April rose by another 0.9 basis points on month to 53.6, indicating that Japanese manufacturers expect a stronger degree of positive sentiment regarding the year-ahead outlook for output, according to data from index compiler au Jibun Bank Corporation, released on April 30.
April, the improvement in PMI was supported by an expansion in output volumes,
which increased for the third consecutive month and at the fastest pace since
April 2018, it said. This reflected the ongoing recovery in demand, which led
to increased orders for manufactured goods, the data compiler explained.
orders rose further in the