The au Jibun Bank Japan Services PMI was revised higher to 49.5 in April 2021 from preliminary data and March's final figure of 48.3. This was the 15th straight month of contraction in the service sector but the weakest pace in the sequence, amid the prolonged impact of the coronavirus pandemic. The gauge of new orders registered the highest readings since January 2020, while employment grew for the third month running and at the quickest pace in nearly two years. Meantime, foreign demand shrank faster than total new business, as key external markets continued to battle a fresh wave of COVID-19 cases. On the cost front, the rate of input cost inflation remained solid, amid higher staff costs and raw material prices, notably for fuel. Meantime, prices charged rose for the first time since February 2020, and were at the fastest pace in 15 months, as firms sought to partially pass through to customers additional cost burdens. Lastly, sentiment was positive for the eighth month in a row. source: Markit Economics

Services PMI in Japan averaged 49.88 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 May of 2021.

Services PMI in Japan is expected to be 49.00 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 51.60 points in 2022, according to our econometric models.

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Japan Services PMI

Actual Previous Highest Lowest Dates Unit Frequency
49.50 48.30 55.30 21.50 2013 - 2021 points Monthly


News Stream
Japan April Services PMI Revised Higher
The au Jibun Bank Japan Services PMI was revised higher to 49.5 in April 2021 from preliminary data and March's final figure of 48.3. This was the 15th straight month of contraction in the service sector but the weakest pace in the sequence, amid the prolonged impact of the coronavirus pandemic. The gauge of new orders registered the highest readings since January 2020, while employment grew for the third month running and at the quickest pace in nearly two years. Meantime, foreign demand shrank faster than total new business, as key external markets continued to battle a fresh wave of COVID-19 cases. On the cost front, the rate of input cost inflation remained solid, amid higher staff costs and raw material prices, notably for fuel. Meantime, prices charged rose for the first time since February 2020, and were at the fastest pace in 15 months, as firms sought to partially pass through to customers additional cost burdens. Lastly, sentiment was positive for the eighth month in a row.
2021-05-07
Japan Services PMI Unchanged in April
The au Jibun Bank Japan Services PMI was at 48.3 in April 2021, unchanged from a final figure in March, a preliminary figure showed. This was the 15th straight month of decline in the service sector, amid a resurgence in local COVID-19 cases, with new emergency curbs expected to be rolled out in key prefectures soon. New orders shrank for the 15th month running, and export sales dropped at a faster pace. At the same time, employment growth slowed, while backlogs of works fell more. On the cost side, input prices rose at a softer rate, with output prices increasing following a drop in March. Lastly, sentiment eased to the lowest since January.
2021-04-23
Japan March Services PMI Revised Higher
The au Jibun Bank Japan Services PMI was revised higher to 48.3 in March 2021, from a preliminary estimate of 46.5, signaling a softer, albeit sustained contraction in activity. The latest reading was the highest since January 2020, as some companies lifted output at the end of the first quarter. New orders fell the least since last July, while employment growth was the strongest for over a year. On the price front, input cost inflation accelerated to the quickest since January 2020, due to higher raw materials and fuel costs. However, prices charged dropped further, though the rate of decline was the softest in four months. Finally, business optimism for activity in the next 12 months strengthened to the highest level since May 2013.
2021-04-05
Japan Services PMI Highest in 3 Months
The au Jibun Bank Japan Services PMI went up to a three-month high of 46.5 in March 2021 from a final 46.3 in February, preliminary data showed. Still, this was the 14th straight month of contraction in the service sector, amid ongoing restrictions on movement due to coronavirus. New orders fell at the softest pace since October 2020 and export sales dropped at a slower rate. Meantime, employment rose the most in 22 months, amid a softer drop in backlogs of works. Prices data showed input prices increased at a faster rate while output prices declined less. Lastly, sentiment weakened slightly but remained positive.
2021-03-24

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.