The au Jibun Bank Japan Services PMI was at 45.4 in July 2020, compared with the preliminary data of 45.2 and following a final 45.0 in the prior month. This marked the highest reading in five months, amid a gradual recovery in domestic demand since the state of emergency had been lifted. New business fell the least in the current six-month period of contraction on the back of subdued export sales as ongoing international travel restrictions sustained. Backlogs of work decreased, which continued the downward trend seen since December 2019. Despite a lack of pressure on business capacity, employment numbers fell slightly. On the price front, average cost burdens were broadly unchanged. Service providers noted a preference for cutting fixed overheads, to help offset pressures on costs in other areas. The latest data indicated a sustained fall in prices charged. Finally, confidence returned to positive territory.

Services Pmi in Japan averaged 50.18 points from 2013 until 2020, 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 August of 2020. source: Markit Economics

Services Pmi in Japan is expected to be 50.00 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 51.00 in 12 months time. In the long-term, the Japan Services PMI is projected to trend around 51.90 points in 2021 and 51.60 points in 2022, according to our econometric models.

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Japan Services PMI

Actual Previous Highest Lowest Dates Unit Frequency
45.40 45.00 55.30 21.50 2013 - 2020 points Monthly


News Stream
Japan Services PMI Revised Upward
The au Jibun Bank Japan Services PMI was at 45.4 in July 2020, compared with the preliminary data of 45.2 and following a final 45.0 in the prior month. This marked the highest reading in five months, amid a gradual recovery in domestic demand since the state of emergency had been lifted. New business fell the least in the current six-month period of contraction on the back of subdued export sales as ongoing international travel restrictions sustained. Backlogs of work decreased, which continued the downward trend seen since December 2019. Despite a lack of pressure on business capacity, employment numbers fell slightly. On the price front, average cost burdens were broadly unchanged. Service providers noted a preference for cutting fixed overheads, to help offset pressures on costs in other areas. The latest data indicated a sustained fall in prices charged. Finally, confidence returned to positive territory.
2020-08-05
Japan Services Output Contracts for 6th Month in July
The au Jibun Bank Japan Services PMI edged up to 45.2 in July 2020 from 45.0 in the prior month, a preliminary estimate showed. The latest reading pointed to the sixth straight month of contraction in the sector, as the coronavirus pandemic continued to hit activity and demand. New business continued to shrink, albeit at a slower pace than in June and at a modest rate. Employment fell for a fifth consecutive month, while the amount of incomplete work decreased again, indicating a further development of spare capacity. On the price front, input costs were broadly unchanged, while output price deflation eased. Lastly, business sentiment weakened.
2020-07-22
Japan Services PMI Revised Higher
The au Jibun Bank Japan Services PMI was revised higher to 45.0 in June 2020 from a preliminary estimate of 42.3 and compared to May's 26.5. This was the highest reading since February as a state of emergency due to the coronavirus crisis was lifted, allowing companies in transport, information, communication, finance, real estate, and business services sectors to restart operations. However, where output did rise, panel comments suggest that growth was limited due to below-capacity operations and low customer numbers. New business continued to fall, although the decline moderated from those seen in the two previous months. Meantime, employment was down marginally, while volumes of outstanding business fell solidly. On the price front, input costs stabilized and output charges dropped as firms cut prices for a fourth month running to support sales. Finally, business confidence improved to a four-month high.
2020-07-03
Japan Services Shrink at a Softer Pace
The au Jibun Bank Japan Services Flash PMI jumped to a four-month high of 42.3 in June 2020 from a final 26.5 in May as a state of emergency due to the coronavirus crisis lifted, allowing activities in transport, information, communication, finance, real estate, and business services to reopen. Both new orders and overseas sales fell at softer rates, while employment increased following a drop in May. On the price front, both input cost and selling prices declined less. Finally, sentiment was less negative.
2020-06-23

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.