Japan’s manufacturing sector continued to expand in July and at an accelerated pace, the latest survey from Nikkei revealed on Friday, with a PMI score of 51.4.
That easily beat forecasts for a score of 50.5 and was up from 50.1 in June, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.
Among the individual components, the manufacturing output index jumped to a five-month high score of 52.3 – up from 50.9 in June.
The material has been provided by InstaForex Company – www.instaforex.com