The Nomura/JMMA Japan Purchasing Managers Index (PMI) is compiled by Markit Economics in association with Nomura (www.nomura.co.jp) and JMMA - Japan Materials Management Association ( www.jmma.gr.jp). Purchasing Managers' Index (PMI) is based on monthly questionnaire surveys of carefully selected companies which provide an advance indication of what is really happening in the private sector economy by tracking changes in variables such as output, new orders, stock levels, employment and prices across the manufacturing sector. The index is presented as an index with a value between 1-100. Values above 50 indicate that the economic outlook is positive. Alternately, readings below 50 mean future outlook is less favourable.
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