- Flash Japan Manufacturing PMI™ at 51.5 (52.2 in January). Growth rate slows to weakest since July 2014.
- Flash Japan Manufacturing Output Index at 52.7 (52.7 in January). Production growth remains solid.
The latest data signalled an improvement in operating conditions in the Japanese manufacturing sector. Despite a growth slowdown in incoming new orders, manufacturing production growth was solid and unchanged from the previous month. Meanwhile, new orders from international markets increased at the fastest rate since October 2014 – driven by the weaker yen.
However, employment growth weakened for the second successive month in February despite reports of an improving economy.