The au Jibun Bank Japan Services PMI was at 42.9 in August 2021, compared with the preliminary reading 43.5 and a final 47.4 a month earlier. The latest reduction was the fastest since May 2020, as a state of emergency remained in place to combat a steep rise in COVID-19 cases. New orders fell the most in 15 months, while export sales shrank at a steeper rate. More positively, employment levels increased for the sixth time in seven months as firms anticipating increased demand. At the same time, outstanding business eased the most since January. Prices data showed average cost burdens rising for the ninth time in as many months, with the rate of input cost inflation remained solid. This did not translate to prices charged, however, which were reduced for the first time in five months. Looking forward, sentiment was positive for the twelfth month in a row, yet eased to the joint-softest since January. source: Markit Economics

Services PMI in Japan averaged 49.72 points from 2013 until 2021, reaching an all time high of 55.30 points in October of 2013 and a record low of 21.50 points in April of 2020. This page provides the latest reported value for - Japan Services PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Japan Services PMI - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.

Services PMI in Japan is expected to be 43.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Japan Services PMI is projected to trend around 51.60 points in 2022, according to our econometric models.

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Japan Services PMI

Actual Previous Highest Lowest Dates Unit Frequency
42.90 47.40 55.30 21.50 2013 - 2021 points Monthly


News Stream
Japan Services PMI Revised Lower
The au Jibun Bank Japan Services PMI was at 42.9 in August 2021, compared with the preliminary reading 43.5 and a final 47.4 a month earlier. The latest reduction was the fastest since May 2020, as a state of emergency remained in place to combat a steep rise in COVID-19 cases. New orders fell the most in 15 months, while export sales shrank at a steeper rate. More positively, employment levels increased for the sixth time in seven months as firms anticipating increased demand. At the same time, outstanding business eased the most since January. Prices data showed average cost burdens rising for the ninth time in as many months, with the rate of input cost inflation remained solid. This did not translate to prices charged, however, which were reduced for the first time in five months. Looking forward, sentiment was positive for the twelfth month in a row, yet eased to the joint-softest since January.
2021-09-03
Japan Services PMI Lowest in 15 Months
The au Jibun Bank Japan Services PMI fell sharply to 43.5 in August 2021 from a final 47.4 in the prior month, an advance estimate showed. This was the lowest reading since May 2020, as state of emergency restrictions remained in place to combat a steep rise in COVID-19 cases. New orders declined for the 19th month running and at a steeper rate, while export sales shrank the most since January. Meanwhile, employment rose after falling in July, with backlogs of work declining faster. On the price side, input cost inflation was unchanged while output prices fell after rising in the previous month. Finally, sentiment remained positive, yet moderated to the weakest since January.
2021-08-23
Japan Services Activity Contracts at Faster Pace
The au Jibun Bank Japan Services PMI came in at 47.4 in July 2021, compared with a preliminary estimate of 46.4 and a final 48.0 seen in June. The latest reading pointed to a sustained and quicker contraction in activity, as COVID-19 restrictions remained in place amid a sustained rise in case numbers. New orders declined for an 18th consecutive month, while employment fell for the first time since December 2020. The level of outstanding business was reduced for the twentieth month in a row, but the rate of backlog depletion was the softest in the current series of declines. On the price front, input cost inflation accelerated to its highest since April, while the rate of charge inflation was the softest in the current four-month sequence of rising charges. Lastly, sentiment remained strong despite softening from June's recent high on hopes that the pandemic would recede.
2021-08-04
Japan Services Activity Shrinks the Most in 5 Months
The au Jibun Bank Japan Services PMI declined to 46.4 in July 2021 from 48 a month earlier, a preliminary figure showed. This was the steepest pace of contraction in the service sector since February, amid persistent rises in local COVID-19 cases and state of emergency measures in Japan. New orders shrank further, extending the current sequence of decline to 1-1/2 years. Also, export orders dropped at a faster rate, while employment saw a renewed contraction, with job shedding being reported for the first time since December 2020. On the cost front, input price inflation accelerated while selling prices went up at a slower rate. Lastly, firms remained confident that activity would increase over the coming 12 months, the degree of optimism dipped to the lowest since January.
2021-07-26

Japan Services PMI
The Japan Services PMI (Purchasing Managers' Index) is based on data collected from a representative panel of over 400 private service sector companies based in Japan. The index tracks variables such as sales, employment, inventories and prices. A reading above 50 indicates that the services sector is generally expanding; below 50 indicates that it is generally declining.