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Japan manufacturing returns to growth

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Japan’s manufacturing sector has registered growth for the first time in three months, according to the Markit/JMMA flash Japan PMI.

Reuters reports that the flash result of 51.1 for June was up from May’s 49.9.

A score of 50 is the line separating expansion from contraction, with a number above it indicating growth.

The information was compiled between June 12 and 19.

There was a significant bounce in new orders, up 52.0 from 49.6.

“... [I]t looks like the Japanese manufacturing sector has taken a positive upward trajectory,” said Amy Brownbill from Markit.

Image: businessweek.com

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