Japan's manufacturing PMI higher in September

Japan's manufacturing activity appreciated, within a period of seven months, for the first time in September, as per a preliminary survey today, an indication that the economic growth is regaining momentum.

Japan's manufacturing PMI higher to 50.3

The nation's IHS Markit / Nikkei Flash Manufacturing PMI escalated from August's reading of 49.5 to 50.3 in September, thus being the first time where the index was able to stabilize above 50.

The new export orders index rose from the previous month's 47.2 reading to 50.2.

Furthermore, due to the weakness in exports and consumer spending, the economic growth's pace slowed for the period of April to June.

Moreover, Japan's government aims to support both domestic and overseas demand via a 13.5 trillion yen stimulus scheme.

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