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.

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Japan Composite PMI



Related Last Previous Unit Reference
Services PMI 56.30 55.40 points May 2023
Manufacturing PMI 50.60 49.50 points May 2023
Composite PMI 54.90 52.90 points May 2023

Japan Composite PMI
The au Jibun Bank Japan Composite PMI Output Index, which is a weighted average of the Manufacturing Output Index and the Services Business Activity Index, tracks business trends across private sector activity based on data collected from a representative panel of around 800 companies. The index tracks variables such as sales, new orders, employment, inventories and prices. The index varies between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease.
Actual Previous Highest Lowest Dates Unit Frequency
54.90 52.90 54.90 25.80 2013 - 2023 points Monthly
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News Stream
Japan Composite PMI Highest Since October 2013
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.
2023-05-23
Japan Composite PMI Revised Upward
The au Jibun Bank Japan Composite PMI was revised upwards to 52.9 in April 2023 from a flash print of 52.5. The latest figure was unchanged from March's nine-month high and marked the fifth successive period of expansion in private sector output. Stronger service sector growth was offset by a sharper fall in manufacturing output. New orders increased for the third month running and at the strongest pace since November 2021. Meanwhile, net job creation was broad-based, with manufacturers and service providers recording faster pickup in employment than in March. On prices, input cost inflation slowed as purchasing prices across the manufacturing sector eased to the lowest in 20 months. However, both manufacturers and service providers signaled rising output charges, with the overall inflation rate reaching its highest since the series began in September 2007. Finally, the sentiment was upbeat, and the degree of optimism hit a 17 month-record.
2023-05-08
Japan Private Sector Grows for 4th Month
The au Jibun Bank Japan Composite PMI edged lower to 52.5 in March 2023 from February's 9-month high of 52.9, flash data showed. Still, this was the fourth straight month of expansion in private sector output, with a resurgent service economy helping to offset a weak manufacturing sector. New orders increased at the quickest pace in nearly 1-1/2 years, while employment growth accelerated. Meantime, foreign orders shrank at a softer pace amid reports that backlogs of work rose after declining in February. On prices, there were signs of cost pressures easing, with input costs rising the least in 15 months. However, the sustained and strong increases in expenses in recent months fed through to another round of selling price inflation as output charges increased the most on record. Finally, sentiment strengthened as the impact of the pandemic faded.
2023-04-21