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Japan Manufacturing Sector Expands In May - Markit

The manufacturing sector in Japan swung back to expansion in May, according to Thursday's preliminary survey from Markit Economics - which showed a PMI score of 50.9. That beat forecasts for a score of 50.3, and it was up from 49.9 in April. It also moves back above the boom-or-bust line of 50 that separates expansion from contraction. Among the individual components of the survey, the output index jumped to 51.7 from 49.3 in April, while production also rose at a moderate pace. Operating conditions improved slightly, the data showed.

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[InstaForex Gertrude]

Japan Manufacturing Sector Expands In May - Markit

The manufacturing sector in Japan swung back to expansion in May, according to Thursday's preliminary survey from Markit Economics - which showed a PMI score of 50.9. That beat forecasts for a score of 50.3, and it was up from 49.9 in April. It also moves back above the boom-or-bust line of 50 that separates expansion from contraction. Among the individual components of the survey, the output index jumped to 51.7 from 49.3 in April, while production also rose at a moderate pace. Operating conditions improved slightly, the data showed.

News are provided by InstaForex