The au Jibun Bank Japan Manufacturing PMI was up to 53.3 in April 2021 from a final 52.7 a month earlier, flash data showed. This was the third straight month of growth in factory activity and the fastest pace since April 2018, as a recovery in the economy from the COVID-19 pandemic gained traction. Both output and new orders expanded solidly, with the pace of growth for both variables the quickest since H1 2018. In addition, export sales growth accelerated, rising for the third month in a row and at the steepest rate since January 2018. Also, buying levels rose at a faster pace, and employment continued to grow amid a further rise in backlogs of works. Prices data showed input cost inflation was unchanged, while output prices rose at a softer rate. Looking ahead, confidence strengthened, marking the 11th month of positive sentiment. source: Markit Economics
Manufacturing PMI in Japan averaged 49.94 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 April of 2021.
Manufacturing 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. Looking forward, we estimate Manufacturing PMI in Japan to stand at 49.00 in 12 months time. In the long-term, the Japan Manufacturing PMI is projected to trend around 50.50 points in 2022, according to our econometric models.