The Jibun Bank Japan Composite PMI jumped to 51.1 in January 2020, the highest since September, from 48.6 in the previous month, a preliminary estimate showed. The service sector returned to expansion (PMI at 52.1 vs 49.4 in December), while manufacturing output contracted at softer pace (PMI at 49.3 vs 48.4 in December). Overall new orders rebounded after showing no growth last month despite flat export sales. In addition, employment growth accelerated, while backlogs of work fell further. In terms of inflation, input cost inflation picked up and output prices rebounded. Lastly, business sentiment strengthened.
Composite Pmi in Japan averaged 51.33 points from 2013 until 2020, reaching an all time high of 54.10 points in January of 2014 and a record low of 46.30 points in April of 2014. This page provides - Japan Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Markit Economics
Composite Pmi in Japan is expected to be 51.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Composite Pmi in Japan to stand at 52.00 in 12 months time. In the long-term, the Japan Composite Pmi is projected to trend around 51.50 points in 2020, according to our econometric models.