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.