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    01.02.2016 10:49 Final Markit/Nikkei manufacturing purchasing managers' index for Japan declines to 52.3 in January

    The final Markit/Nikkei manufacturing Purchasing Managers' Index (PMI) for Japan declined to 52.3 in January from 52.6 in December, down from the preliminary reading of 52.4.


    A reading above 50 indicates expansion, a reading below 50 indicates contraction of activity.


    The index was driven by a slower growth in new orders and a drop in input prices.


    "The start of 2016 was generally positive for the Japanese manufacturing sector, with operating conditions improving at a solid rate. Production and new orders increased at robust rates, helping to boost employment numbers and encouraging firms to purchase more during the month," economist at Markit, Amy Brownbill, said.

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