Japan Jibun preliminary PMI (February): Manufacturing 50.6 (prior 49.8) Services 45.8 (prior 46.1)

Japan Jibun Bank / Markit preliminary PMIs for February

Manufacturing 50.6

• prior 49.8

Services 45.8, a six-month low

• prior 46.1

Composite 47.6

• prior 47.1

Strong export demand helped manufacturing PMI to its first expansion in 22 months (since April 2019)

• service sector still struggling under emergency measures imposed

Manufacturers' new export orders grew at their fastest pace since early 2018

expansion for the first time in four months