The au Jibun Bank Japan Composite PMI was revised higher to 40.8 in June 2020 from preliminary figure of 37.9 and compared to 27.8 in May, as the economy re-opened following weeks of closure due to the COVID-19 pandemic, though the underlying picture remains bleak. That said, the decline was marked overall as manufacturing production continued to fall steeply and at a rate which was the second-strongest since March 2009. Meanwhile, the downturn in services activity slowed sharply to the weakest since February.
Composite Pmi in Japan averaged 50.32 points from 2013 until 2020, reaching an all time high of 54.10 points in January of 2014 and a record low of 25.80 points in April of 2020. This page provides - Japan Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Japan Composite Pmi - values, historical data and charts - was last updated on July of 2020. source: Markit Economics
Composite 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. 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 51.20 points in 2021 and 52.00 points in 2022, according to our econometric models.