The Jibun Bank Japan Services PMI declined to 46.7 in February 2020 from 51.0 in the previous month, pointing to the steepest contraction in the sector since April 2014, a preliminary estimate showed. Survey evidence implied the coronavirus outbreak has hit hard tourism industry, which was a key source of demand for services. Both new orders and export sales contracted, while employment stagnated. In terms of prices, output price inflation eased, while input prices rose at a faster pace. Lastly, confidence softened but stayed positive.

Services Pmi in Japan averaged 51.21 points from 2013 until 2020, reaching an all time high of 55.30 points in October of 2013 and a record low of 46.40 points in April of 2014. 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. source: Markit Economics

Services Pmi in Japan is expected to be 50.00 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 50.50 points in 2022, according to our econometric models.


Ok
The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Japan Services PMI

Actual Previous Highest Lowest Dates Unit Frequency
46.70 51.00 55.30 46.40 2013 - 2020 points Monthly


News Stream
Japan Service Sector Activity Falls the Most in 6 Years
The Jibun Bank Japan Services PMI declined to 46.7 in February 2020 from 51.0 in the previous month, pointing to the steepest contraction in the sector since April 2014, a preliminary estimate showed. Survey evidence implied the coronavirus outbreak has hit hard tourism industry, which was a key source of demand for services. Both new orders and export sales contracted, while employment stagnated. In terms of prices, output price inflation eased, while input prices rose at a faster pace. Lastly, confidence softened but stayed positive.
2020-02-21
Japan Services Activity Back to Expansion
The Jibun Bank Japan Services PMI was revised lower to 51 in January 2020 from a preliminary estimate of 52.1, and above the previous month's reading of 49.4. The latest reading pointed to the strongest expansion in the service sector since September, as new orders grew for the 42nd month and at the fastest pace in seven months and export sales increased marginally reversing a slight contraction seen previously. Also, the job creation rate accelerated to an eight-month high, amid stronger demand and company expansions. Meantime, backlogs of work declined for the second straight month, but the rate of depletion was modest and eased from December. On the price front, input cost inflation rose due to higher prices of fuel, rent and insurance; and output prices advanced the most since last August, with exception of October's sharp rise following the consumption tax change. Finally, sentiment weakened to a 29-month low, amid concerns towards the ageing society and economic conditions.
2020-02-05
Japan Services PMI Rises to 4-Month High
The Jibun Bank Japan Services PMI rose to 52.1 in January 2020, the highest since September, from 49.4 in the prior month, a preliminary estimate showed. Both new orders and employment expanded faster amid a softer decline in overseas sales. Meanwhile, backlogs of work dropped sharply. In terms of prices, input cost inflation picked up while selling prices rebounded from December's fall. Finally, business sentiment weakened, but remained positive.
2020-01-24
Japan Service Activity Falls the Most in Over 3 Years
The Jibun Bank Japan Services PMI was revised lower to 49.4 in December 2019 from a preliminary estimate of 50.6, signalling the steepest contraction in service sector output in over three years. New order growth slowed due to the first decline in foreign demand since June, while backlogs of work dropped at the strongest rate for over one-and-a-half years. Meanwhile, the rate of job creation was the fastest in six months on the back of expansion plans and the provision of new services. On the price front, input costs increased amid higher fuel and labour expenses, while output charges were reduced for the first time since July 2017. Looking ahead, business optimism eased from November's five-month high.
2020-01-07

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.