Japan’s manufacturing sector sees a stronger expansion in Oct

PMI data reaches 53.2 in October, up from 51.5 in September.

Last month, the Japanese manufacturing sector posted a stronger improvement in operating conditions, data released by the London-based IHS Markit said on Monday.

The manufacturing purchasing managers index (PMI) rose from 51.5 in September to 53.2 in October, the data indicated.

“Renewed rises in both production and new order inflows contributed to a stronger overall rise in conditions as restrictions related to COVID-19 were eased further,” it noted.

“Ongoing material shortages and delivery delays placed a continued strain on manufacturers, resulting in an intensification of input price pressures not exceeded since August 2008.”

Firms were strongly optimistic that production would rise over the coming 12 months, it underlined.


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