Nikkei Japan Manufacturing PMI for August (flash): 51.9 (prior 51.2)

The preliminary (flash) Nikkei Japan Manufacturing PMI for August

Key points from Markit:

Flash Japan Manufacturing PM at 51.9 (51.2 in July)

• Operating conditions improve at second fastest pace this year so far

Flash Japan Manufacturing Output Index at 51.9 (52.2 in July)

• Growth in production little-changed from July's five-month high.

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Commenting on the Japanese Manufacturing PMI survey data, Amy Brownbill, economist at Markit:

•  "Latest survey data indicated a further improvement in operating conditions in the Japanese manufacturing sector.
• New order growth accelerated to the second fastest this year so far, while production increased at a similar pace to July's five-month record.
• In contrast, new orders from abroad rose at a slower pace, with reports of reduced sales volumes with China dampening international demand.
• "Meanwhile, input prices declined for the first time since November 2012, albeit at a marginal rate."

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Note- CHINA flash PMI coming up at 0145GMT 

Author: Eamonn Sheridan