Manufacturing activity in Japan is growing at its fastest pace in six months

Japan's manufacturing sector grew in October at its fastest pace in six months, as new export orders rose again, a preliminary survey showed Wednesday, sign

Markit / Nikkei's preliminary reading of the Purchasing Managers Index (PMI) for the manufacturing sector amounted to a seasonally adjusted figure of 53.1 in October, based on 52.5 end of September

The index remained above the threshold of 50 points, separating the contraction of the expansion of activity for the 26th consecutive month and reached its highest level since April. [19659003] "Export sales have increased for the first time since May, despite the fact that several respondents have pointed to the problems arising from global trade tensions," said Joe Hayes, IHS economist Markit, who collects l & # 39; investigation.

"That being said, next month's data will be important in determining whether accelerating growth is a temporary response to weakness resulting from recent natural disasters," he added. 19659003] The index of new export orders reached a preliminary level compared to the final figure of 49.8 released in September.

The United States and China have applied reciprocal tariffs in recent months and are considering bilateral trade negotiations. resolve the dispute have blocked.

Japan faces a potential risk as it exports manufacturing equipment and electronic parts, which are used to manufacture finished products for the United States and other markets. (Reuters)