Japan’s manufacturing sector recorded a strong result in the monthly Markit survey, growing at the fastest rate since the country's 2011 earthquake, tsunami and nuclear accident.
The Markit-JMMA Japan Manufacturing Purchasing Managers Index (PMI) recorded an overall result of 52.5 for the month of September.
A score of 50 separates expansion from contraction, with anything below signifying a decrease.
“The latest PMI data indicated a solid improvement in operating conditions in the Japan manufacturing industry,” explained Claudia Tilbrooke, an economist with the firm and the report’s author, in a statement.
“The PMI index itself was constrained to a degree by a stagnation of employment, but nevertheless posted at 52.5, the highest reading in over two-and-a-half years.”
Reuters reports that Japan’s economy overall recorded its third straight quarter of growth for April-June.