The Jibun Bank Japan Services PMI rose to 52.1 in January 2020, the highest since September, from 49.4 in the prior month, a preliminary estimate showed. Both new orders and employment expanded faster amid a softer decline in overseas sales. Meanwhile, backlogs of work dropped sharply. In terms of prices, input cost inflation picked up while selling prices rebounded from December's fall. Finally, business sentiment weakened, but remained positive.
Services Pmi in Japan averaged 51.29 points from 2013 until 2020, reaching an all time high of 55.30 points in October of 2013 and a record low of 46.40 points in April of 2014. 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. source: Markit Economics
Services Pmi in Japan is expected to be 51.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Services Pmi in Japan to stand at 54.00 in 12 months time. In the long-term, the Japan Services PMI is projected to trend around 52.90 points in 2020, according to our econometric models.