The au Jibun Bank Japan Services PMI fell to 46.6 in October 2020 from a final 46.9 in September, flash data showed. New business inflows shrank again, though the pace of decline was the weakest in three months and one that was modest overall. At the same time, new export orders continued to decline, due to international travel restrictions and client business closures. The labor market, meanwhile, moved toward stabilization, with employment broadly unchanged. On the price front, input cost dropped at a softer rate, while output prices fell faster. Finally, confidence strengthened, with the government's "Go to Campaign" providing a boost to tourism services. source: Markit Economics
Services Pmi in Japan averaged 50.04 points from 2013 until 2020, reaching an all time high of 55.30 points in October of 2013 and a record low of 21.50 points in April of 2020. This page provides the latest reported value for - Japan Services PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Japan Services PMI - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
Services Pmi in Japan is expected to be 50.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Services Pmi in Japan to stand at 52.00 in 12 months time. In the long-term, the Japan Services PMI is projected to trend around 51.90 points in 2021 and 51.60 points in 2022, according to our econometric models.