The au Jibun Bank Japan Manufacturing PMI rose to 52.0 in March 2021 from a final 51.4 in the previous month and in line with market consensus, a flash figure showed. This was the second straight month of growth in factory activity and the steepest pace since December 2018, as a recovery in the economy from the COVID-19 pandemic gained traction, with new orders expanding the most since October 2018 while both output and new export orders continuing to grow. Also, buying levels rose, reversing from a drop a month earlier. At the same time, employment fell for the third month in a row, with backlogs of work increasing after a decline in February. As for prices, both input prices and selling charges rose at a faster rate. Finally, sentiment eased, with the level of optimism the softest in nine months. source: Markit Economics

Manufacturing PMI in Japan averaged 49.92 points from 2008 until 2021, reaching an all time high of 56.20 points in January of 2014 and a record low of 29.60 points in February of 2009. This page provides the latest reported value for - Japan Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Japan Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.

Manufacturing PMI in Japan is expected to be 52.20 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Japan to stand at 51.00 in 12 months time. In the long-term, the Japan Manufacturing PMI is projected to trend around 50.50 points in 2022, according to our econometric models.

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Japan Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
52.00 51.40 56.20 29.60 2008 - 2021 points Monthly
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News Stream
Japan Manufacturing PMI Rises to 27-Month High
The au Jibun Bank Japan Manufacturing PMI rose to 52.0 in March 2021 from a final 51.4 in the previous month and in line with market consensus, a flash figure showed. This was the second straight month of growth in factory activity and the steepest pace since December 2018, as a recovery in the economy from the COVID-19 pandemic gained traction, with new orders expanding the most since October 2018 while both output and new export orders continuing to grow. Also, buying levels rose, reversing from a drop a month earlier. At the same time, employment fell for the third month in a row, with backlogs of work increasing after a decline in February. As for prices, both input prices and selling charges rose at a faster rate. Finally, sentiment eased, with the level of optimism the softest in nine months.
2021-03-24
Japan Manufacturing PMI Revised Higher
The au Jibun Bank Japan Manufacturing PMI was revised higher to 51.4 in February 2021, up from a preliminary estimate of 50.6 and compared with 49.8 in the previous month. The latest reading indicated the strongest improvement in the health of the sector since December 2018, as the economy gradually recovered from the impact of the pandemic. Output grew for the first time since December 2018, while new order growth quickened to the highest since October 2018 with export sales rising for the first time in four months. At the same time, employment levels continued to decrease in February, although the pace was softer than that seen in the previous month and marginal overall. On the price front, input cost inflation rate accelerated to the quickest in two years, while selling prices went up for a third month in a row. Looking ahead, business sentiment improved to the highest since July 2017.
2021-03-01
Japan Manufacturing Sector Returns to Growth
The au Jibun Bank Japan Manufacturing PMI increased to 50.6 in February 2021 from 49.8 a month earlier, marking the first month of expansion in factory activity since April 2019 and the fastest since December 2018. Both output and new orders expanded the most since December 2018, with export sales rising for the first time in four months and at the quickest pace since March 2018. At the same time, both employment and backlogs of work fell at a slower pace. On the price front, input cost inflation accelerated, while selling prices went up at a weaker rate. Looking ahead, business sentiment improved, marking the ninth consecutive month of positive sentiment among manufacturers.
2021-02-19
Japan Manufacturing PMI Revised Higher
The au Jibun Bank Japan Manufacturing PMI was revised higher to 49.8 in January 2020, up from a preliminary estimate of 49.7 and a final 50 in December 2020. It was the highest PMI reading since May 2019, pointing to a stabilization in operating conditions, as some business anticipated a recovery in demand in 2021. Output shrank at a marginal pace, after remaining broadly unchanged in the previous month. At the same time, new orders grew for first time in over two years, as business reported demand was starting recover, amid the launch of new products. Meanwhile, employment returned to contraction, after a stable in December. On the price front, input cost inflation quickened to the fastest since May 2019. As a result, output charges increased for the third straight month. Finally, business confidence remained optimistic due to hopes of an end the pandemic to trigger a wider economic recovery.
2021-02-01

Japan Manufacturing PMI
The Jibun Bank Japan Manufacturing PMI® is compiled by IHS Markit from responses to monthly questionnaires sent to purchasing managers in a panel of around 400 manufacturers. The panel is stratified by detailed sector and company workforce size, based on contributions to GDP. Survey responses indicate the direction of change compared to the previous month. A diffusion index is calculated for each survey variable. The index is the sum of the percentage of ‘higher’ responses and half the percentage of ‘unchanged’ responses. The indices vary between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease. The PMI is a weighted average of the following five indices: New Orders (30%), Output (25%), Employment (20%), Suppliers’ Delivery Times (15%) and Stocks of Purchases (10%). For the PMI calculation the Suppliers’ Delivery Times Index is inverted so that it moves in a comparable direction to the other indices.