The au Jibun Bank Japan Manufacturing PMI was revised higher to 49 in November 2020 from a flash reading of 48.3 and compared to a final 48.7 in the previous month. The latest reading signaled a deterioration in the health of the manufacturing sector for the 19th consecutive month, but the weakest contraction since August 2019, with output and new orders falling at softer rates. In addition, employment declined further, albeit at a slightly softer pace compared to October. As for prices, input cost inflation slowed and was modest overall, while output charges fell. Looking ahead, business expectations about the year-ahead outlook remained positive. source: Markit Economics

Manufacturing PMI in Japan averaged 49.89 points from 2008 until 2020, reaching an all time high of 56.20 points in January of 2014 and a record low of 29.60 points in February of 2009. 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 - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.

Manufacturing PMI in Japan is expected to be 49.20 points 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 51.00 in 12 months time. In the long-term, the Japan Manufacturing PMI is projected to trend around 51.00 points in 2021 and 50.50 points in 2022, according to our econometric models.

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Japan Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
49.00 48.70 56.20 29.60 2008 - 2020 points Monthly
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News Stream
Japan Manufacturing PMI Revised Higher
The au Jibun Bank Japan Manufacturing PMI was revised higher to 49 in November 2020 from a flash reading of 48.3 and compared to a final 48.7 in the previous month. The latest reading signaled a deterioration in the health of the manufacturing sector for the 19th consecutive month, but the weakest contraction since August 2019, with output and new orders falling at softer rates. In addition, employment declined further, albeit at a slightly softer pace compared to October. As for prices, input cost inflation slowed and was modest overall, while output charges fell. Looking ahead, business expectations about the year-ahead outlook remained positive.
2020-12-01
Japan Manufacturing PMI Unexpectedly Falls
The au Jibun Bank Japan Manufacturing PMI dropped to 48.3 in November 2020, from a final of 48.7 in the prior month and missing market consensus of 49.4, a preliminary estimate showed. The latest reading signaled a deterioration in the health of the manufacturing sector for the 19th consecutive month, with output and new orders falling at faster rates. In addition, employment declined further, albeit marginally, amid a continued fall in buying levels. As for prices, input cost inflation slowed, while output charges fell. Looking ahead, business expectations about the year-ahead outlook slipped to a three-month low.
2020-11-20
Japan Manufacturing PMI Revised Higher
The au Jibun Bank Japan Manufacturing PMI was revised higher to 48.7 in October 2020 from a flash reading of 48.0 and compared to a final 47.7 in the previous month. This marked the lowest deterioration in the health of the manufacturing sector since January. Output contracted at the slowest pace since November 2019, while new orders fell at the softest pace since July 2019. At the same time, exports orders increased for the first time in close to two years as external markets gradually recovered. Meanwhile, the rate of job cuts quickened, while backlogs declined for the 22nd month running, albeit at the softest pace since January. Prices data pointed that input cost inflation accelerated to the strongest since January, while selling prices rose for the first time since January. Looking ahead, business confidence strengthened to the highest since July 2017, reflecting hopes of a return to pre-crisis demand conditions once the virus subsides.
2020-11-02
Japan Manufacturing Contracts the Least Since January
The au Jibun Bank Japan Manufacturing PMI rose to 48.0 in October 2020 from a final 47.7 a month earlier, preliminary data showed. This marked the slowest deterioration in the health of the manufacturing sector since January. Output and new orders fell further but at weaker rates. At the same time, employment dropped marginally, while the decline in backlogs moderated. Prices data pointed that input cost increased faster, while selling prices were unchanged following a fall in September. Meantime, an unchanged pace of decline was recorded for the supplier's delivery time. Looking ahead, sentiment remained positive.
2020-10-23

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.