Japan sees manufacturing industry growth increase in April following three months of decline

By Sophie Chapman
Share
The manufacturing industry in Japan has had a successful month in April, as the month records an increase in growth. The news follows three months of d...

The manufacturing industry in Japan has had a successful month in April, as the month records an increase in growth.

The news follows three months of decline, with the expansion anticipated to be linked to output and business confidence growth.

The Nikkei-Markit flash manufacturing purchasing manager’s index (PMI) noted a reading of 53.3 this month.

This is the first rise for Japan’s manufacturing in three months, up from 53.1 in March.

SEE ALSO:

April was also the 20th consecutive month in which the reading was above the 50-point threshold that marks contraction within the industry.

“Although new export orders declined for the first time since August 2016, as the stronger yen begins to impact price competitiveness, the rise in total new business inflows signals stronger domestic demand,” Reuters reported Joy Hayes, an Economist at IHS Markit, stating.

The reading for total new orders reached 53.5 on the PMI, up from the previous month’s 53.1.

Share

Featured Articles

Manufacturing Unwrapped: Manufacturing Leader Jeff Winter

In addition to being our top magazine influencer back in August, Jeff also did an unmissable interview with Manufacturing Digital on IoT

Manufacturing Unwrapped: Kathleen Mitford of Microsoft

This year we had a truly insightful interview with Kathleen Mitford, CVP of Global Industry at Microsoft on its AI Copilot solutions for manufacturing

Can Carton Waste Revolutionise Sustainable Manufacturing?

A new €3.1m Ittervoort facility processes 20,000 tonnes of polyAl annually, turning carton waste into reusable materials for durable manufacturing products

Stellantis & CATL Boost EV Manufacturing Capacity

Sustainability & ESG

Sir David McMurty: A Visionary Engineer, Inventor and Leader

Production & Operations

IFS: Gaining New Manufacturing Value with Service Centricity

Production & Operations