RTTNews - An index measuring manufacturing activity in Japan came in with a seasonally adjusted score of 53.6 in August, the Nomura/JMMA Japan Manufacturing Purchasing Managers Index revealed on Monday, up from 50.4 in July.
The reading was the highest since November 2006 and marked the second consecutive month that the index remained above the boom or bust threshold of 50 points that separates expansion from contraction.
The component for new export orders climbed from 52.7 in July to 53.2 in August, improving for the seventh consecutive month. Output moved up from 54.7 in July to 58.7 in August, gaining for the third straight month.
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