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.