The au Jibun Bank Japan Composite PMI was revised higher to 48.5 in December 2020 from a flash figure of 48.0 and following a final 48.1 in November. This was the eleventh straight month of contraction in business activity, but the softest pace in the sequence, amid ongoing COVID-19 disruption. Manufacturers recorded a stabilization in output, while the service sector saw a further modest decline, with new orders falling at a slower rate. At the same time, employment was broadly stable and firms were able to reduce backlogs of work for the sixteenth month in a row. Looking ahead, sentiment strengthened, supported by the rescheduled Tokyo Olympics and stable business conditions. source: Markit Economics
Composite PMI in Japan averaged 50.08 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 January of 2021.
Composite PMI in Japan is expected to be 51.20 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 51.20 in 12 months time. In the long-term, the Japan Composite PMI is projected to trend around 52.00 points in 2022, according to our econometric models.