Japan Services PMI

Last Release

Jul 31, 2024

Actual

53.7

Units In

Points

49.4

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
55.9 May 2023	21.5 Apr 2020	50.35 Points	2013-2024	Markit Economics

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.

Latest Updates

The au Jibun Bank Japan Services PMI rose to 50.2 in November 2024, up from 49.7 in the previous month, which had marked the lowest figure in four months, according to a flash reading. The upturn occurred alongside a modest expansion in new orders, with the pace remaining largely unchanged from October. Meanwhile, the decline in overseas orders slowed. Work backlogs rose at the fastest rate in eight months, indicating capacity pressures. In response, firms increased employment levels, achieving the strongest job creation rate since July. On the pricing front, input costs continued to rise significantly, albeit at a softer rate. However, companies transferred these costs to clients through a historically sharp and accelerated increase in selling prices. Lastly, sentiment strengthened.