Japan manufacturing PMI expands at fastest pace since 2011 earthquake
(Reuters) – Japanese manufacturing activity expanded in September at the fastest pace since a record earthquake and nuclear disaster in early 2011, a survey showed on Monday, suggesting the economy has been able to stage a full recovery due to strong domestic demand and recovering exports.
The Markit/JMMA Japan Manufacturing Purchasing Managers Index (PMI) rose to a seasonally adjusted 52.5 in September from 52.2 in the previous month.
The index remained above the 50 threshold that separates contraction from expansion for the seventh month and showed that activity expanded at the fastest since February 2011, one month before the natural disaster struck the country’s northeast coast.
The output component of the PMI index also gained to 53.8 from 53.5 in August, to show the fastest growth since the quake.