The au Jibun Bank Japan Services PMI was revised higher to 48.3 in March 2021, from a preliminary estimate of 46.5, signaling a softer, albeit sustained contraction in activity. The latest reading was the highest since January 2020, as some companies lifted output at the end of the first quarter. New orders fell the least since last July, while employment growth was the strongest for over a year. On the price front, input cost inflation accelerated to the quickest since January 2020, due to higher raw materials and fuel costs. However, prices charged dropped further, though the rate of decline was the softest in four months. Finally, business optimism for activity in the next 12 months strengthened to the highest level since May 2013. source: Markit Economics
Services PMI in Japan averaged 49.89 points from 2013 until 2021, 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 April of 2021.
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 52.00 in 12 months time. In the long-term, the Japan Services PMI is projected to trend around 51.60 points in 2022, according to our econometric models.