The au Jibun Bank Japan Manufacturing PMI was revised higher to 45.2 in July 2020, compared to a flash reading of 42.6 and a final 40.1 in the previous month. The latest reading signaled a 15th straight month of contraction in the sector, amid the prolonged impact of the COVID-19 pandemic on activity. Output, new orders and exports fell at much softer rates, while employment declined for the fifth month running as firms opted to delay replacing retired staff and those leaving for other personal reasons. On the price front, input cost inflation eased form June's five-month high, while output charges stabilized, following an extended period of price discontinuing. Finally, business sentiment was the strongest since January.
Manufacturing PMI in Japan averaged 49.94 points from 2008 until 2020, 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 August of 2020. source: Markit Economics
Manufacturing PMI in Japan is expected to be 48.00 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 50.00 in 12 months time. In the long-term, the Japan Manufacturing PMI is projected to trend around 51.00 points in 2021 and 50.50 points in 2022, according to our econometric models.