The Jibun Bank Japan Services PMI was confirmed at 52.8 in September 2019, down from August's 22-month peak of 53.3. New orders climbed, boosted by the fastest increase in new export sales since July 2018, while employment growth was only slightly faster than August's one-and-a-half-year low. On the price front, input costs accelerated, as expenses were driven by higher shipping, labour and rent costs. Looking ahead, confidence strengthened to a three-month high, lifted by expansion plans and forecasts of stronger demand. Nonetheless, a number of firms expect the sales tax hike to have an adverse impact on the economy. Services Pmi in Japan is reported by Markit Economics.

Services Pmi in Japan is expected to be 51.00 Index 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 54.90 in 12 months time. In the long-term, the Japan Services PMI is projected to trend around 52.90 Index Points in 2020, according to our econometric models.

Japan Services PMI
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Japan Business Last Previous Highest Lowest Unit
Business Confidence 5.00 7.00 53.00 -58.00 Index Points [+]
Services Pmi 52.80 53.30 55.30 46.40 Index Points [+]
Manufacturing PMI 48.90 49.30 56.20 29.60 [+]
Industrial Production -4.70 0.70 30.00 -37.20 percent [+]
Industrial Production Mom -1.20 1.30 6.80 -16.50 percent [+]
Manufacturing Production -4.70 0.70 29.30 -37.20 percent [+]
Capacity Utilization 99.30 102.30 136.10 68.60 Index Points [+]
New Orders 1170.77 1053.95 1624.17 693.64 JPY Billion [+]
Machinery Orders -2.40 -6.60 25.50 -17.00 percent [+]
Changes in Inventories 2007.90 2299.30 7613.70 -6589.80 JPY Billion [+]
Bankruptcies 702.00 678.00 1965.00 6.00 Companies [+]
Corporate Profits 23232.47 22244.02 26401.12 43.24 JPY Billion [+]
Coincident Index 99.30 99.70 106.90 69.30 [+]
Economy Watchers Survey 46.70 42.80 57.50 18.90 [+]
Car Production 774265.00 696692.00 961994.00 249772.00 Units [+]
Car Registrations 300280.00 201903.00 585449.00 83044.00 [+]
Leading Economic Index 91.70 93.70 108.00 72.50 Index Points [+]
Small Business Sentiment -4.00 -1.00 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 [+]
Private Investment 1.90 6.10 12.80 -25.33 percent [+]
Non Manufacturing Pmi 21.00 23.00 57.00 -41.00 [+]
Reuters Tankan Index -5.00 -7.00 39.00 -78.00 Index Points [+]
Machine Tool Orders 98956.00 88487.00 182860.00 19037.00 JPY Million [+]
Mining Production -8.90 -0.70 16.20 -16.10 percent [+]
Tertiary Industry Index 107.30 106.90 107.30 73.20 Index Points [+]
Steel Production 8115.55 8386.66 10775.00 1177.00 Thousand Tonnes [+]
Cement Production 4654.00 5000.00 9368.00 4218.00 Thousands of Tonnes [+]
All Industry Activity Index 106.20 106.00 108.70 94.20 Index Points [+]
Competitiveness Index 82.27 82.47 82.47 5.36 Points [+]
Competitiveness Rank 6.00 5.00 10.00 5.00 [+]
Composite Pmi 51.50 51.90 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 [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
52.80 53.30 55.30 46.40 2013 - 2019 Index Points Monthly




Country Last Previous
Australia 51.50 Sep/19
Brazil 51.80 Sep/19
China 51.30 Sep/19
Euro Area 51.60 Sep/19
France 51.10 Sep/19
Germany 51.40 Sep/19
India 48.70 Sep/19
Italy 51.40 Sep/19
Japan 52.80 Sep/19
Russia 53.60 Sep/19
Spain 53.30 Sep/19
United Kingdom 49.50 Sep/19
United States 50.90 Sep/19


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