The au Jibun Bank Japan Services PMI increased to a three-month high of 51.9 in September of 2022 from a final 49.5 a month earlier, a flash reading showed. The latest print signaled a renewed expansion in service sector activity, due to the positive impact of easing COVID-19 restrictions. Both output and new orders returned to grow, with new export orders recovering from a decline in the previous month. At the same time, employment increased, after showing no growth in August, with backlogs of work rising at a faster pace. On the price front, input prices rose and output cost inflation accelerated. Lastly, business sentiment deteriorated. source: Markit Economics

Services PMI in Japan averaged 49.79 points from 2013 until 2022, 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 October of 2022.

Services PMI in Japan is expected to be 51.90 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Japan Services PMI is projected to trend around 51.60 points in 2023, according to our econometric models.

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Japan Services PMI



Related Last Previous Unit Reference
Services PMI 51.90 49.50 points Sep 2022
Manufacturing PMI 51.00 51.50 points Sep 2022
Composite PMI 50.90 49.40 points Sep 2022

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
51.90 49.50 55.30 21.50 2013 - 2022 points Monthly

News Stream
Japan Service Sector Activity Returns to Growth
The au Jibun Bank Japan Services PMI increased to a three-month high of 51.9 in September of 2022 from a final 49.5 a month earlier, a flash reading showed. The latest print signaled a renewed expansion in service sector activity, due to the positive impact of easing COVID-19 restrictions. Both output and new orders returned to grow, with new export orders recovering from a decline in the previous month. At the same time, employment increased, after showing no growth in August, with backlogs of work rising at a faster pace. On the price front, input prices rose and output cost inflation accelerated. Lastly, business sentiment deteriorated.
2022-09-26
Japan Services PMI Revised Higher
The au Jibun Bank Japan Services PMI was revised higher to 49.5 in August of 2022, compared with a preliminary reading of 49.2, and after a final 50.3 a month earlier. The latest print signalled the first contraction in services activity since March, due to a surge in COVID-19 infections, which dampened customer demand and led to stagnation in total new work. New business stagnated in August, after rising in the previous three months, with new export orders were broadly stable, a slight improvement following three successive monthly declines. Meanwhile, employment rose fractionally that was the weakest in seven months, with backlogs of work rising after a fall in July. That said, the accumulation was only marginal. Service providers recorded a softening of input price inflation for the second month in a row, with the latest rise the slowest since April. That said, the rate of charge inflation edged up slightly since July. Looking ahead, sentiment weakened to a three-month low.
2022-09-05
Japan Service Sector Shrinks for 1st Time in 5 Months
The au Jibun Bank Japan Services PMI was down to 49.2 in August of 2022 from a final 50.3 a month earlier, a flash figure showed. The latest print signaled the first contraction in services activity since March. New business fell for the first time in four months amid weaker domestic demand following rising COVID-19 infections in some parts of the country; while employment declined after increasing in July, with backlogs of work accumulating after a fall in the prior month. At the same time, new export orders broadly stabilized after falling slightly in July. Service providers recorded a softening of input price inflation for the second month in a row, with the latest rise the slowest since April. That said, the rate of charge inflation edged up slightly since July. Looking ahead, sentiment stayed upbeat despite softening from July's reading.
2022-08-23