Flash Japan Manufacturing PMI™ at 48.0 (49.1 in March). Flash headline PMI signals quickest deterioration in manufacturing conditions since January 2013.- Flash Japan Manufacturing Output Index at 47.9 (49.8 in March). Production declines at fastest rate in two years.
Manufacturing conditions in Japan worsened at a sharper rate in April. Both production and new orders declined markedly, with total new work contracting at the fastest rate in over three years. The sharp drop in total new work was underpinned by the fastest fall in international demand since December 2012, and following the two earthquakes on the island of Kyushu (one of Japan’s key manufacturing regions), the outlook of the goods-producing sector now looks especially uncertain.
