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.

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Japan Services PMI

Actual Previous Highest Lowest Dates Unit Frequency
47.40 48.00 55.30 21.50 2013 - 2021 points Monthly


News Stream
Japan Services Activity Contracts at Faster Pace
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.
2021-08-04
Japan Services Activity Shrinks the Most in 5 Months
The au Jibun Bank Japan Services PMI declined to 46.4 in July 2021 from 48 a month earlier, a preliminary figure showed. This was the steepest pace of contraction in the service sector since February, amid persistent rises in local COVID-19 cases and state of emergency measures in Japan. New orders shrank further, extending the current sequence of decline to 1-1/2 years. Also, export orders dropped at a faster rate, while employment saw a renewed contraction, with job shedding being reported for the first time since December 2020. On the cost front, input price inflation accelerated while selling prices went up at a slower rate. Lastly, firms remained confident that activity would increase over the coming 12 months, the degree of optimism dipped to the lowest since January.
2021-07-26
Japan Services Sector Contracts for 17th Month
The au Jibun Bank Japan Services PMI was at 48.0 in June 2021, compared with the preliminary reading of 47.2 and a final 46.5 in the prior month. This marked the 17th consecutive month of contraction in the service sector, as restrictions introduced to curb the spread of COVID-19 remained in place through much of June. New orders dropped at a softer rate despite falling for the 17th month running; while export sales contracted the least in the current 17-month sequence of the downturn. Meanwhile, employment grew for the fifth month running, while outstanding business fell for the 19th month. Turning to prices, average cost burdens increased the least in four months, with firms reporting a marginal rise in output charges for the third month in a row. Looking ahead, sentiment reached the strongest since March, amid an acceleration in vaccine roll-outs.
2021-07-05
Japan Services Sector Contracts at Softer Rate
The au Jibun Bank Japan Services PMI rose to 47.2 in June 2021 from a final 46.5 in the prior month, a flash figure showed. Still, this was the 17th consecutive month of contraction in the service sector, amid coronavirus disruptions. New business reduced at a broadly unchanged pace compared to May, extending the current sequence of decline to 17 months. At the same time, job creation continued for the fifth month running, with the pace of growth remaining marginal while backlogs of works falling at a steeper rate. Meanwhile, export orders fell at a slower pace. On the cost front, both output prices and input cost went up faster. Lastly, confidence strengthened, amid expectations of the accelerated vaccination programme.
2021-06-23

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.