A preliminary survey on Friday showed Japanese manufacturing activity expanded in September, marking the first growth since February, in a tentative indication that economic expansion could gain momentum.
The IHS Markit/Nikkei Japan Flash PMI reading climbed to 50.3 in September from a revised and seasonally adjusted reading of 49.5 in August. The latest reading marks the first time the index reached beyond the 50 mark that separates expansion from contraction.
New export orders index also rose to an initial reading of 50.2 from a final reading of 47.2 in the prior month, recording the first expansion in eight months.
The material has been provided by InstaForex Company – www.instaforex.com