The au Jibun Bank Japan Services PMI increased to 52.4 in January 2023 from a final reading of 51.1 in December 2022, remaining expansionary for the fifth consecutive month and indicating a moderate growth in service sector activity. The report cited the Nationwide Travel Discount Programme and the recent relaxation of Covid restrictions as central factors in service sector encouragement. However, for the first time in a year, employment levels decreased and at the most pronounced rate since May 2020. In terms of prices, the rate of input cost inflation strengthened further in January, but firms raised their selling prices at the softest pace in five months. Firms were reportedly concerned about pricing pressures and registered the weakest level of business confidence in two years. source: Markit Economics

Services PMI in Japan averaged 49.86 points from 2013 until 2023, reaching an all time high of 55.30 points in October of 2013 and a record low of 21.50 points in April of 2020. This page provides the latest reported value for - Japan Services PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Japan Services PMI - data, historical chart, forecasts and calendar of releases - was last updated on February of 2023.

Services PMI in Japan is expected to be 52.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Japan Services PMI



Related Last Previous Unit Reference
Services PMI 52.40 50.30 points Jan 2023
Manufacturing PMI 48.90 48.90 points Jan 2023
Composite PMI 50.80 49.70 points Jan 2023

Japan Services PMI
The Japan Services PMI (Purchasing Managers' Index) is based on data collected from a representative panel of over 400 private service sector companies based in Japan. The index tracks variables such as sales, employment, inventories and prices. A reading above 50 indicates that the services sector is generally expanding; below 50 indicates that it is generally declining.
Actual Previous Highest Lowest Dates Unit Frequency
52.40 50.30 55.30 21.50 2013 - 2023 points Monthly

News Stream
Japan Services Sector Stays Expansionary
The au Jibun Bank Japan Services PMI increased to 52.4 in January 2023 from a final reading of 51.1 in December 2022, remaining expansionary for the fifth consecutive month and indicating a moderate growth in service sector activity. The report cited the Nationwide Travel Discount Programme and the recent relaxation of Covid restrictions as central factors in service sector encouragement. However, for the first time in a year, employment levels decreased and at the most pronounced rate since May 2020. In terms of prices, the rate of input cost inflation strengthened further in January, but firms raised their selling prices at the softest pace in five months. Firms were reportedly concerned about pricing pressures and registered the weakest level of business confidence in two years.
2023-01-24
Japan Services PMI Revised Downward
The au Jibun Bank Japan Services PMI stood at 51.1 in December 2022, compared with a flash print of 51.7 and after a final 50.3 in November. This was the fourth straight month of growth in services activity, supported by an uplift in tourism and an improvement in COVID conditions. New orders grew for the fourth month running despite the rate of rise the slowest since July, while foreign sales increased the most since July 2018. Meantime, employment rose for the 11th month, with the rate of job creation the strongest since May. That said, backlogged work increased for the fifth month, the longest sequence in over five years. On prices, cost burdens accelerated, due to higher labor, fuel, electricity, and raw material prices. Concurrently, firms raised their selling prices at the fastest pace in over three years and the fourth-highest on record. Lastly, sentiment stayed upbeat, with the degree of confidence well-above average, on hopes of sustained demand conditions in 2023.
2023-01-06
Japan Services Sector Grows for 4th Month
The au Jibun Bank Japan Services PMI increased to 51.7 in December 2022 from a final 50.3 in the prior month, which was the lowest figure in three months, a preliminary reading showed. This was also the fourth straight month of growth in services activity. The boost in tourism volumes, largely supported by the National Travel Discount Programme, has reportedly encouraged recent service sector growth. Panel members also mentioned that a sustained COVID recovery has improved consumer confidence. Both foreign orders and employment grew at stronger rates while new orders remained in expansion territory. Also, backlogs of work accumulated at a softer pace. In terms of prices, inflation across a broad range of inputs led to an accelerated rise in input costs. In response to increasing cost burdens, service providers raised their selling prices at the fourth fastest pace in the series of history. Finally, sentiment stayed upbeat.
2022-12-16