Japan manufacturing PMI: Export orders drop

The Nikkei Flash Japan Manufacturing Purchasing Managers’ Index (PMI) increased to 53.3 in April vs 53.1 in March, signaling a faster pace of expansion, however, the new export orders dropped.

Key points (source: markiteconomics.com)

Output, new orders and employment increase at quickened rates.  

Output price inflation remains marked relative to historical data.