The au Jibun Bank Japan Services PMI came in at 46.1 in January 2021, compared with a preliminary reading of 45.7 and a final 47.2 in December. This was the twelfth straight month of contraction in the sector and the steepest pace in five months, as the government declared a state of emergency in Tokyo due to rising local COVID-19 infections. Both activity and incoming new business declined the most since May. Meanwhile, firms recorded a broadly stable labor market. There was evidence that businesses redirected capacity towards the completion of existing projects, indicated by a sharp fall in outstanding business. As for prices, input cost went up for the second straight month, while prices charged fell further on price-discounting strategies that extended into an eleventh successive month amid efforts to stimulate sales. Looking ahead, sentiment remained positive. source: Markit Economics

Services PMI in Japan averaged 49.94 points from 2013 until 2021, 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 February of 2021.

Services PMI in Japan is expected to be 51.60 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 51.90 in 12 months time. In the long-term, the Japan Services PMI is projected to trend around 51.60 points in 2022, according to our econometric models.

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Japan Services PMI

Actual Previous Highest Lowest Dates Unit Frequency
46.10 47.20 55.30 21.50 2013 - 2021 points Monthly


News Stream
Japan Services Sector Shrinks the Most in 5 Months
The au Jibun Bank Japan Services PMI came in at 46.1 in January 2021, compared with a preliminary reading of 45.7 and a final 47.2 in December. This was the twelfth straight month of contraction in the sector and the steepest pace in five months, as the government declared a state of emergency in Tokyo due to rising local COVID-19 infections. Both activity and incoming new business declined the most since May. Meanwhile, firms recorded a broadly stable labor market. There was evidence that businesses redirected capacity towards the completion of existing projects, indicated by a sharp fall in outstanding business. As for prices, input cost went up for the second straight month, while prices charged fell further on price-discounting strategies that extended into an eleventh successive month amid efforts to stimulate sales. Looking ahead, sentiment remained positive.
2021-02-03
Japan Services PMI Lowest in 5 Months
The au Jibun Bank Japan Services PMI declined to 45.7 in January 2020 from a final 47.2 in December, a preliminary figure showed. This marked the twelfth straight month of contraction in the sector and the steepest pace in five months, as the government declared a state of emergency in Tokyo due to rising local COVID-19 infections. Both activity and incoming new business declined the most since May. Meanwhile, firms recorded a broadly stable labor market. Lastly, sentiment softened for a third month in a row.
2021-01-22
Japan Services PMI Revised Higher
The au Jibun Bank Japan Services PMI was revised upward to 47.7 in December 2020 from preliminary reading of 47.2 and after a final 47.8 a month earlier. This was the eleventh straight month of contraction in the sector, as the third wave of COVID-19 infections caused renewed disruptions in the nation. New business fell for the eleventh month, with the pace of decline easing from that seen in November. Meanwhile, employment stabilized, as had been the case in the prior two months. Firms redirected capacity towards the completion of existing work, with outstanding business levels down for the thirteenth month in a row. At the same time, export sales were subdued, amid evidence that the pandemic continued to weigh on external demand. As for prices, input cost rose marginally, ending a four-month sequence of falls. However, firms engaged in further price discounting as part of efforts to stimulate sales. Lastly, confidence remained positive.
2021-01-06
Japan Services PMI Lowest in 3 Months
The au Jibun Bank Japan Services PMI fell to a three-month low of 47.2 in December 2020 from 47.8 in the prior month, a preliminary estimate showed. The latest reading signaled a quicker deterioration in output across the service sector, as a fresh wave of coronavirus took a toll on economies globally, including in Japan. New business inflows contracted sharply, and at a similar pace to the previous survey, while export sales also reduced further. At the same time, employment shrank for the second straight month, although the rate of decline was marginal. On the price front, input costs rebounded while output charge deflation deepened. Lastly, business sentiment softened to the weakest in four months.
2020-12-16

Japan Services PMI
The Japan Services PMI (Purchasing Managers' Index) is based on data collected from a representative panel of over 400 private service sector companies based in Japan. The index tracks variables such as sales, employment, inventories and prices. A reading above 50 indicates that the services sector is generally expanding; below 50 indicates that it is generally declining.