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.

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Japan Manufacturing PMI



Related Last Previous Unit Reference
Manufacturing PMI 52.10 52.70 points Jul 2022
Services PMI 50.30 54.00 points Jul 2022
Composite PMI 50.20 53.00 points Jul 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
52.10 52.70 56.20 29.60 2008 - 2022 points Monthly
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News Stream
Japan Manufacturing PMI Revised Lower
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.
2022-08-01
Japan Manufacturing PMI Falls to 10-Month Low
The au Jibun Bank Japan Manufacturing PMI declined to a ten-month low of 52.2 in July 2022 from a final 52.7 a month earlier, amid rising energy and wage costs as well as persistent inflationary pressures, a preliminary figure showed. Output returned to contraction territory for the first time in five months, albeit only marginally, while new orders shrank at the steepest rate since November 2020. At the same time, employment continued to rise, 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 for the first time since May, while output prices eased. Meantime, the latest lengthening in delivery times the softest for 11 months, as supply chain disruption eased further. Finally, sentiment weakened, amid concerns over soaring prices and sustained material shortages due to the prolonged impact of the Ukraine war.
2022-07-22
Japan Manufacturing PMI Confirmed at 4-Month Low
The au Jibun Bank Japan Manufacturing PMI declined to 52.7 in June 2022, matching the preliminary reading, and after a final 53.3 a month earlier. While marking the lowest figure in four months and signaling the joint-softest operating conditions since last September, the latest print still represented the 17th straight month of expansion in factory activity, amid the lifting of COVID-19 curbs. Output rose at the slowest rate in the current four-month sequence of growth, and buying levels eased, while new orders rose only fractionally. Meantime, employment continued to rise, with the rate of job creation broadly unchanged from May's modest pace. Delivery times lengthened at the slowest rate four months, albeit still rapidly overall. On prices, input cost inflation eased for the first time in four months and was the slowest since February, meanwhile output cost inflation accelerated to the fastest rate in the survey history. Finally, sentiment strengthened to a three-month high.
2022-07-01