The au Jibun Bank Japan Flash Composite PMI rose to 54.9 in May 2023 from a final 52.9 in April It was the fourth straight month of growth in private sector activity, the steepest pace since October 2013, and the second-strongest in the survey history, as a recovery from pandemic disruptions gained momentum. Service providers continued to report strong growth with a renewed record increase in business activity, while manufacturers indicated an improvement for the first time in 7 months, with output and new orders returning to expansion for the first time since last June. The level of outstanding business accumulated at the joint second-fastest pace in history, encouraging firms to raise employment levels at a solid pace. On the cost side, input prices rose the least since October 2021, with hopes growing that inflationary pressures would peak soon and ease for the remainder of the year. Finally, confidence remained robust despite easing from April’s recent peak. source: Markit Economics
Composite PMI in Japan averaged 50.12 points from 2013 until 2023, reaching an all time high of 54.90 points in May of 2023 and a record low of 25.80 points in April of 2020. This page provides - Japan Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Japan Composite PMI - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.
Composite PMI in Japan is expected to be 54.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.