Japan Composite PMI

Last Release

Jul 31, 2024

Actual

52.5

Units In

Points

49.7

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
54.3 May 2023	25.8 Apr 2020	50.26 Points	2013-2024	Markit Economics

In Japan, the Nikkei Japan Composite Output Index tracks business trends across private sector activity, based on data collected from a representative panel of around 800 companies. The index tracks variables such as sales, new orders, employment, inventories and prices. A reading above 50 indicates expansion in business activity and below 50 indicates that it is generally declining.

Latest Updates

The au Jibun Bank Japan Composite PMI was revised upward to 49.6 in October from a flash reading of 49.4. However, the latest figure was the lowest since November 2023, following September's reading of 52.0 and marking the first contraction in private sector activity in four months. The decline was due to further deterioration in the manufacturing sector and the first contraction in the service economy since June. New orders stagnated, ending a three-month growth streak. New business fell significantly in manufacturing, although services firms continued to see a modest rise. Meanwhile, employment growth was maintained in both sectors, with the overall pace of job creation unchanged. On the cost side, input price inflation accelerated, and output price inflation reached a three-month high, with manufacturing inflation outpacing that of services. Finally, sentiment eased to its lowest since January 2021, although expectations remained slightly stronger than the series average.