The au Jibun Bank Japan Manufacturing PMI was revised higher to 53.0 in July 2021, up from a preliminary estimate of 52.2 and a final 52.4 in June, as both output and new order growth rose faster, amid expanding employment levels for the fourth month running. Backlogs of work also continued to increase, providing further evidence of pressure on existing capacity during July. Meanwhile, businesses continued to report significant supply chain disruption had dampened demand somewhat. At the same time, input cost inflation accelerated to the fastest pace since September 2008, due to a faster rise in raw material prices. As a result, the output cost inflation rose to the quickest since November 2018. Looking ahead, positive sentiment remained positive, due to hopes an accelerating vaccine rollout would trigger a broad-based recovery in manufacturing, as well as ease pressure on supply chains. source: Markit Economics

Manufacturing PMI in Japan averaged 50 points from 2008 until 2021, reaching an all time high of 56.20 points in January of 2014 and a record low of 29.60 points in February of 2009. This page provides the latest reported value for - Japan Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Japan Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on August of 2021.

Manufacturing 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. In the long-term, the Japan Manufacturing PMI is projected to trend around 50.50 points in 2022, according to our econometric models.

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Japan Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
53.00 52.40 56.20 29.60 2008 - 2021 points Monthly
SA


News Stream
Japan Manufacturing PMI Revised Upward
The au Jibun Bank Japan Manufacturing PMI was revised higher to 53.0 in July 2021, up from a preliminary estimate of 52.2 and a final 52.4 in June, as both output and new order growth rose faster, amid expanding employment levels for the fourth month running. Backlogs of work also continued to increase, providing further evidence of pressure on existing capacity during July. Meanwhile, businesses continued to report significant supply chain disruption had dampened demand somewhat. At the same time, input cost inflation accelerated to the fastest pace since September 2008, due to a faster rise in raw material prices. As a result, the output cost inflation rose to the quickest since November 2018. Looking ahead, sentiment remained positive, due to hopes an accelerating vaccine rollout would trigger a broad-based recovery in manufacturing, as well as ease pressure on supply chains.
2021-08-02
Japan Manufacturing PMI Drops to 5-Month Low
The au Jibun Bank Japan Manufacturing PMI was at 52.2 in July 2021, down from a final 52.4 in June, a preliminary reading showed. This marked the weakest pace of expansion in factory activity since February, as the economy struggled to stage a convincing recovery from the COVID-19 pandemic. Both output and new order growth eased to six-month lows, amid ongoing delays in receiving raw materials. Also, both export orders and buying activity expanded at softer rates. Manufacturers noted that demand for staff eased, with the rate of job creation the softest since April, while backlogs of works went up less than those in June. Regarding inflation, both input cost and selling prices rose at faster paces. Looking ahead, positive sentiment remained strong, despite easing slightly from June.
2021-07-26
Japan Manufacturing Growth Slows to 4-Month Low
The au Jibun Bank Japan Manufacturing PMI was at 52.4 in June 2021, compared with a preliminary estimate of 51.5 and a final 53.0 a month earlier. This was the weakest reading since February, amid renewed curbs in some parts of the country following the latest wave of local COVID-19 infections. Both output and new order shrank at the fastest pace in five months, as COVID-19 restrictions and supply chain pressures disrupted activity. Positively, job creation continued for the third month running, with the rate of growth picking up slightly to reach the fastest since January 2020. Regarding inflation, input cost inflation accelerated to the quickest pace since March 2011, due to a faster rise in prices of raw material. As a result, output prices increased at the fastest pace since March. Looking ahead, sentiment strengthened to the highest since the series began in July 2012, due to hopes that an end to the pandemic.
2021-07-01
Japan Manufacturing Growth Slows to 4-Month Low
The au Jibun Bank Japan Manufacturing PMI fell to 51.5 in June 2021 from a final 53.0 a month earlier, preliminary data showed. This was the weakest reading since February, amid renewed curbs in some parts of the country following the latest wave of local COVID-19 infections. Output shrank for the first time since January and at the quickest pace seen since November 2020, while growth in new orders and buying levels eased. Meantime, job creation continued for the third month running, with the rate of growth picking up slightly to reach the fastest since January 2020; while backlogs of works increased less than those in May. At the same time, suppliers' delivery time lengthened strongly, reflecting severe supply chain pressures. Regarding inflation, input cost went up at a slower rate, as did with output prices. Looking ahead, sentiment remained positive, despite optimism dipped to a three-month low.
2021-06-23

Japan Manufacturing PMI
The Jibun Bank Japan Manufacturing PMI® is compiled by IHS Markit from responses to monthly questionnaires sent to purchasing managers in a panel of around 400 manufacturers. The panel is stratified by detailed sector and company workforce size, based on contributions to GDP. Survey responses indicate the direction of change compared to the previous month. A diffusion index is calculated for each survey variable. The index is the sum of the percentage of ‘higher’ responses and half the percentage of ‘unchanged’ responses. The indices vary between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease. The PMI is a weighted average of the following five indices: New Orders (30%), Output (25%), Employment (20%), Suppliers’ Delivery Times (15%) and Stocks of Purchases (10%). For the PMI calculation the Suppliers’ Delivery Times Index is inverted so that it moves in a comparable direction to the other indices.