Japan’s Manufacturing Sector Improves Slightly In May, Index Unchanged at 50.7

Posted on May 29, 2012

Manufacturing PMI Highlights

  • PMI Index 50.7 in May, which is unchanged from the previous month;
  • New orders grow at weakest pace during the 5 month period of growth;
  • Manufacturing output increases. However, it was confined to investment goods producing sector;
  • Order backlogs continue to fall at a solid rate. backlogs have now declined for a full year;
  • Employment increased during May, with the rate of job creation the fastest since December 2007;
  • Input costs were unchanged during the month and output price discounting was moderate.