Nikkei Japan Manufacturing PMI jumped to 4-year high in January

The headline Nikkei Japan Manufacturing Purchasing Managers’ Index increased to 54.8 in January; the highest reading since February 2014 and up from 54.0 in December. 

Key points (Source: Markit Economics)

• New order growth quickened for a third month in succession to a four-year high.
• Firms increased output for the eighteenth consecutive month and at the sharpest rate in 47 months.
• The level of positive sentiment regarding future output strengthened to a four-month high.
• The rate of job creation accelerated to the joint fastest since April 2014 and on par with February 2017.
• Output price inflation accelerated to the sharpest extent since October 2008.