The manufacturing sector in Japan continued to expand in February, and at a faster rate, the latest survey from Nikkei showed on Wednesday with a manufacturing PMI score of 53.3.
That was up from 52.7 in January, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.
It also marks a 35-month high score.
Individually, new business, production and job growth all strengthened, while backlogs of work accumulated for the first time since December 2015.
The material has been provided by InstaForex Company – www.instaforex.com