Japan’s Manufacturing activity rises in November
Japan’s manufacturing data in November
Japan’s manufacturing PMI (purchasing managers’ index) stood at 53.6 in November 2017, a level not seen since March 2014. The reading was 52.8 in October 2017.
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- production output and volumes rose to highs last seen in February 2014
- new business and export orders rose due to improved demand from China (FXI) (YINN) and other Asian economies
- employment grew at a faster rate
The iShares MSCI Japan ETF (EWJ), which tracks Japan’s performance, rose 2.1% in November 2017, and the Nikkei 225 (NIK-INDEX) rose 3.2%, signaling that investors are positive about economic activity.
The stronger economy will help the country’s businesses expand their production capacity, invest in new projects, and improve their net earnings. In the next part of this series, we’ll analyze Spain’s manufacturing PMI data in November 2017.