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.

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Japan Services PMI

Actual Previous Highest Lowest Dates Unit Frequency
46.60 46.90 55.30 21.50 2013 - 2020 points Monthly


News Stream
Japan Services Shrinks Faster
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.
2020-10-23
Japan Services PMI Revised Higher
The au Jibun Bank Japan Services PMI was revised higher to 46.9 in September 2020, from a preliminary estimate of 45.6 and compared to August's final 45.0. The latest figure signaled a reduction in activity, although one that was the slowest in the current eight-month sequence of contraction. Incoming new business fell for the eighth month running, with export sales declining at a faster pace due to international travel restrictions and client business closures, while employment shrank for the seventh straight month. On the price front, input costs dropped for the second consecutive month while cost savings were passed onto clients, with some firms mentioning discounting strategies to stimulate sales. Finally, sentiment strengthened to a nine-month high, as firms hope for a recovery in demand in both domestic and foreign markets and the complete easing of lockdown restrictions over the coming year.
2020-10-05
Japan Service Sector Contraction Continues in September
The au Jibun Bank Japan Services PMI increased to 45.6 in September 2020 from a final 45.0 in August, still indicating a further sharp decline in output across the sector, flash data showed. New business inflows shrank solidly again, led by weakening external demand. The amount of complete work fell further which, in turn, weighed on hiring. Service sector employment fell for a seventh straight month. On the price front, both input prices and output charges declined at softer rates. Lastly, business confidence turned positive.
2020-09-23
Japan Services Activity Shrinks for 7th Month
The au Jibun Bank Japan Services PMI was confirmed at 45.0 in August 2020, below July's final figure of 45.4 and pointing to the seventh straight month of contraction in the sector, amid the prolonged impact of the COVID-19 crisis. New orders fell at a steeper rate with new export orders declining rapidly again. Also, employment fell for the sixth month running, with the pace of reduction unchanged from July. Despite this, firms were still able to deal with new orders and work through outstanding business. That said, the pace of depletion in backlogs of work was the weakest for six months. On the cost front, there was a lack of inflationary pressure, with both input costs and output charges declining modestly. Finally, business sentiment weakened due to uncertainty caused by the COVID-19 pandemic.
2020-09-03

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.