The Jibun Bank Japan Manufacturing PMI was revised lower to 49.4 in July 2019 from a preliminary estimate of 49.6 and compared to 49.3 in the previous month. It was the third straight reading below the 50-point threshold, pointing to a further contraction in the manufacturing sector as slower global growth weighed on exports. In contrast, employment growth picked up to a three-month high. On the price front, output charges fell at the fastest pace in nearly three years, while input price inflation was the weakest since December 2016. Looking ahead, manufacturers maintained a subdued outlook for production volumes over the coming 12 months. The US-China trade conflict and escalations of tensions with South Korea reportedly dented optimism. Manufacturing PMI in Japan is reported by Markit Economics.

Manufacturing PMI in Japan is expected to be 49.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Japan to stand at 50.90 in 12 months time. In the long-term, the Japan Manufacturing PMI is projected to trend around 50.20 in 2020, according to our econometric models.

Japan Manufacturing PMI
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Japan Business Last Previous Highest Lowest Unit
Business Confidence 7.00 12.00 53.00 -58.00 Index Points [+]
Manufacturing PMI 49.40 49.30 56.20 29.60 [+]
Services Pmi 51.80 51.90 55.30 46.40 Index Points [+]
Industrial Production -3.80 -2.10 30.00 -37.20 percent [+]
Industrial Production Mom -3.30 2.00 6.80 -16.50 percent [+]
Manufacturing Production -3.80 -2.10 29.30 -37.20 percent [+]
Capacity Utilization 101.20 103.90 136.10 68.60 Index Points [+]
New Orders 1122.80 1020.55 1624.17 693.64 JPY Billion [+]
Machinery Orders 13.90 -7.80 25.50 -17.00 percent [+]
Changes in Inventories 2191.10 1837.80 7637.40 -6554.90 JPY Billion [+]
Bankruptcies 802.00 734.00 1965.00 6.00 Companies [+]
Corporate Profits 22244.02 19476.32 26401.12 43.24 JPY Billion [+]
Coincident Index 100.40 103.40 107.00 69.30 [+]
Economy Watchers Survey 41.20 44.00 57.50 18.90 [+]
Car Production 676431.00 699356.00 961994.00 249772.00 Units [+]
Car Registrations 258150.00 248056.00 585449.00 83044.00 [+]
Leading Economic Index 93.30 94.90 108.00 72.50 Index Points [+]
Small Business Sentiment -1.00 6.00 46.00 -60.00 [+]
Internet Speed 20171.96 19574.52 20171.96 6541.92 KBps [+]
IP Addresses 43689566.00 43995715.00 44977757.00 23570249.00 IP [+]
Machine Tool Orders 101268.00 98928.00 182860.00 19037.00 JPY Million [+]
Mining Production -7.60 -2.00 16.20 -16.10 percent [+]
Cement Production 4694.00 4775.00 9368.00 4218.00 Thousands of Tonnes [+]
All Industry Activity Index 106.70 106.40 108.70 94.20 Index Points [+]
Competitiveness Index 82.47 81.59 82.47 5.36 Points [+]
Competitiveness Rank 5.00 8.00 10.00 5.00 [+]
Composite Pmi 50.60 50.80 54.10 46.30 [+]
Corruption Index 73.00 73.00 80.00 58.00 Points [+]
Corruption Rank 18.00 20.00 25.00 14.00 [+]
Ease of Doing Business 39.00 34.00 39.00 13.00 [+]
Private Investment 6.10 5.70 12.80 -25.33 percent [+]
Non Manufacturing Pmi 23.00 21.00 57.00 -41.00 [+]
Reuters Tankan Index -4.00 3.00 39.00 -78.00 Index Points [+]
Tertiary Industry Index 106.90 107.00 107.20 73.20 Index Points [+]
Steel Production 8789.26 8675.70 10775.00 1177.00 Thousand Tonnes [+]


Japan Manufacturing PMI

The Jibun Bank Japan Manufacturing PMI® is compiled by IHS Markit from responses to monthly questionnaires sent to purchasing managers in a panel of around 400 manufacturers. The panel is stratified by detailed sector and company workforce size, based on contributions to GDP. Survey responses indicate the direction of change compared to the previous month. A diffusion index is calculated for each survey variable. The index is the sum of the percentage of ‘higher’ responses and half the percentage of ‘unchanged’ responses. The indices vary between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease. The PMI is a weighted average of the following five indices: New Orders (30%), Output (25%), Employment (20%), Suppliers’ Delivery Times (15%) and Stocks of Purchases (10%). For the PMI calculation the Suppliers’ Delivery Times Index is inverted so that it moves in a comparable direction to the other indices. This page provides the latest reported value for - Japan Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Japan Manufacturing PMI - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
49.40 49.30 56.20 29.60 2008 - 2019 Monthly
SA




Country Last Previous
Australia 51.30 Jul/19
Brazil 49.90 Jul/19
Canada 50.20 Jul/19
China 49.90 Jul/19
Euro Area 46.50 Jul/19
France 49.70 Jul/19
Germany 43.20 Jul/19
India 52.50 Jul/19
Indonesia 49.60 Jul/19
Italy 48.50 Jul/19
Japan 49.40 Jul/19
Mexico 49.80 Jul/19
Netherlands 50.70 Jul/19
Russia 49.30 Jul/19
Saudi Arabia 56.60 Jul/19
Singapore 49.80 Jul/19
South Africa 52.10 Jul/19
South Korea 47.30 Jul/19
Spain 48.20 Jul/19
Switzerland 44.70 Jul/19
Turkey 46.70 Jul/19
United Kingdom 48.00 Jul/19
United States 50.40 Jul/19


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