The au Jibun Bank Japan Services PMI was revised lower to 50.3 in July 2022 from the flash data of 51.2, and after a final 54.0 in June which was the highest print since October 2013. While marking the fourth straight month of expansion in services activity, the downward revision reflected rising COVID-19 infections in some parts of the country. New orders rose the least in the current 3-month sequence of growth amid a slight fall in export sales. Meanwhile, employment rose for the sixth month running, while there was a renewed reduction in outstanding business, on easing pressure on the capacity for the first time in three months. On inflation, input prices have risen now for 20 months, and while the rate of inflation eased from June's series peak, it was the second-strongest in the survey history. Meantime, output price inflation slowed despite rising for the third month running. Finally, sentiment eased on concerns over the impact of high inflation and economic uncertainty. source: Markit Economics

Services PMI in Japan averaged 49.78 points from 2013 until 2022, 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 August of 2022.

Services 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 Services PMI is projected to trend around 51.60 points in 2023, according to our econometric models.

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Japan Services 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 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.
Actual Previous Highest Lowest Dates Unit Frequency
50.30 54.00 55.30 21.50 2013 - 2022 points Monthly

News Stream
Japan Services PMI Revised Lower
The au Jibun Bank Japan Services PMI was revised lower to 50.3 in July 2022 from the flash data of 51.2, and after a final 54.0 in June which was the highest print since October 2013. While marking the fourth straight month of expansion in services activity, the downward revision reflected rising COVID-19 infections in some parts of the country. New orders rose the least in the current 3-month sequence of growth amid a slight fall in export sales. Meanwhile, employment rose for the sixth month running, while there was a renewed reduction in outstanding business, on easing pressure on the capacity for the first time in three months. On inflation, input prices have risen now for 20 months, and while the rate of inflation eased from June's series peak, it was the second-strongest in the survey history. Meantime, output price inflation slowed despite rising for the third month running. Finally, sentiment eased on concerns over the impact of high inflation and economic uncertainty.
2022-08-03
Japan Services Growth Eases to 3-Month Low
The au Jibun Bank Japan Services PMI decreased to 51.2 in July 2022 from a final 54.0 in June, which was the strongest growth since October 2013, a flash reading showed. This was the fourth straight month of expansion in services activity but the weakest pace since April. New orders grew for the third month running, with the rate of growth slowing, and employment rose for the sixth month in a row, despite the rate of job creation easing, with backlog of works rising at a softer rate. At the same time, inflationary pressures eased for the first time in four months, while output price inflation slowed to a three-month low. Finally, sentiment weakened to the lowest since March, due to rising concerns among providers about the impact of the inflationary pressures to the Japanese economy, amid weakening yen.
2022-07-22
Japan Services PMI Confirmed at Near 9-Year High
The au Jibun Bank Japan Services PMI came in at 54.0 in June 2022, compared with the preliminary data of 54.2 and after a final 52.6 in May. This was the third straight month of expansion in services activity and the strongest pace since October 2013, amid the lifting of remaining COVID-19 curbs. New orders increased for the second month running, with the rate of growth staying solid, and employment rose for the fifth month in a row despite the rate of job creation being the slowest in three months, with backlog of works accumulating the most since August 2017. Meantime, foreign demand fell for the second month running, due to lingering global uncertainty. At the same time, inflationary pressures continued to build, as input prices rose at a record rate, which also contributed to a steep rise in prices charged. Finally, optimism rose to the second-highest level in the survey history, on hopes for solid demand following a lift in pandemic restrictions and easing of global measures.
2022-07-05