The au Jibun Bank Japan Manufacturing PMI was at 52.1 in July of 2022, compared to preliminary estimates of 52.2, and after a final 52.7 in June, pointing the weakest growth in the sector in 10 months, amid rising energy and wage costs as well as persistent inflationary pressures. Output contracted for the 1st time in 5 months, albeit only marginally, while new orders shrank for the 1st time in 10 months and the steepest drop in 20 months. Meanwhile, employment fell, with the rate of job creation easing, on the back of a slower accumulation in backlogs of work. On the price front, input cost inflation accelerated to the sixth-fastest in the survey history, while output price inflation eased. Meantime, the latest lengthening in delivery times was the softest for nearly a year. Finally, sentiment remained positive, amid hopes that price, supply and exchange rate pressures would ease, and enable a broad recovery in demand and production levels. source: Markit Economics
Manufacturing PMI in Japan averaged 50.23 points from 2008 until 2022, 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 2022.
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 2023, according to our econometric models.