The au Jibun Bank Japan Services PMI came in at 47.4 in July 2021, compared with a preliminary estimate of 46.4 and a final 48.0 seen in June. The latest reading pointed to a sustained and quicker contraction in activity, as COVID-19 restrictions remained in place amid a sustained rise in case numbers. New orders declined for an 18th consecutive month, while employment fell for the first time since December 2020. The level of outstanding business was reduced for the twentieth month in a row, but the rate of backlog depletion was the softest in the current series of declines. On the price front, input cost inflation accelerated to its highest since April, while the rate of charge inflation was the softest in the current four-month sequence of rising charges. Lastly, sentiment remained strong despite softening from June's recent high on hopes that the pandemic would recede. source: Markit Economics
Services PMI in Japan averaged 49.80 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 August 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. In the long-term, the Japan Services PMI is projected to trend around 51.60 points in 2022, according to our econometric models.