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.

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Japan Services PMI


News Stream
Japan Services Sector Returns to Growth
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.
2021-10-22
Japan Services PMI Revised Higher
The au Jibun Bank Japan Services PMI was revised upward to a three-month high of 47.8 in September 2021 from a preliminary reading of 47.4. That followed a final figure of 42.9 in August, which was the lowest figure in 15 months, amid disruptions caused by COVID-19. New orders fell at a slower pace; while foreign demand weakened at a softer rate than total new business. At the same time, employment rose for the second straight month, with the rate of growth quickening to a five-month high despite a twenty-second consecutive monthly fall in outstanding business. On the cost side, input prices increased for the tenth straight month, amid higher raw materials, staff, and fuel costs. Meantime, prices charged rose for the fifth time in six months, but the rate of inflation was only fractional. Lastly, sentiment hit its highest since June.
2021-10-05
Japan Services Sector Contraction Eases
The au Jibun Bank Japan Services PMI increased to 47.4 in September 2021 from a 15-month low of 42.9 in the prior month, a preliminary reading showed. Employment grew the most since April, rising for the second straight session; while new orders continued to fall. Looking ahead, sentiment remained positive. The latest reading, however, pointed to the 20th straight month of drop in the service sector, amid the spread of rising the Delta strain of COVID-19 infections.
2021-09-24

Japan Last Unit Reference Previous Highest Lowest
Manufacturing PMI 53.00 points Oct/21 51.50 56.20 29.60
Services PMI 50.70 points Oct/21 47.80 55.30 21.50
Composite PMI 50.70 points Oct/21 47.90 54.10 25.80


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.