The au Jibun Bank Japan Services PMI increased to 50.7 in October 2021 from 47.8 in the prior month, a flash reading showed. This was the first expansion in the service sector since January 2020, buoyed by a lift in COVID-19 state of emergency in all regions by end of September as the number of new cases fell. Employment was broadly unchanged while new orders fell the least in six months and backlogs of work shrank at a softer pace. At the same time, new export orders dropped at a steeper rate, as more countries battled with another wave of virus infections. Meanwhile, prices data indicated sustained inflationary pressures, with both input cost and output charges rising faster. Looking ahead, sentiment strengthened to a four-month high, extending optimism to a fourteenth month in a row. source: Markit Economics
Services PMI in Japan averaged 49.71 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 October of 2021.
Services PMI in Japan is expected to be 46.00 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.