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What November Manufacturing Data Says about Developed Markets

PART:
1 2 3 4 5 6 7 8 9 10 11
Part 7
What November Manufacturing Data Says about Developed Markets PART 7 OF 11

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.

Japan’s Manufacturing activity rises in November

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The improvement in Japan’s (EWJ) (DXJ) manufacturing activity was mainly due to the following:

  • 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

ETF performance

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.

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