The au Jibun Bank Japan Services PMI was revised upward to 46.5 in May from a preliminary reading of 45.7 and compared with a final 49.5 in April. New business shrank the most in three months, extending the current sequence of falls to 16 months, on the back of the latest wave of COVID-19 cases and the reimposition of a state of emergency. In addition, foreign demand deteriorated further as key markets around Asia faced stricter restrictions. Positively, employment rose for the fourth month in a row, suggesting that firms took on additional staff in anticipation of higher sales once the pandemic subsided. That said, outstanding business fell for 18th month. On the cost side, input cost went up for the sixth successive month, due to higher raw materials, staff and energy costs. Meantime, prices charged increase for the second month running, though the rate of inflation was marginal. Lastly, confidence remained positive but the degree of optimism weakened to the lowest since January. source: Markit Economics

Services PMI in Japan averaged 49.84 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 June of 2021.

Services PMI in Japan is expected to be 49.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Services PMI in Japan to stand at 52.00 in 12 months time. 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
46.50 49.50 55.30 21.50 2013 - 2021 points Monthly


News Stream
Japan Services PMI Revised Higher
The au Jibun Bank Japan Services PMI was revised upward to 46.5 in May from a preliminary reading of 45.7 and compared with a final 49.5 in April. New business shrank the most in three months, extending the current sequence of falls to 16 months, on the back of the latest wave of COVID-19 cases and the reimposition of a state of emergency. In addition, foreign demand deteriorated further as key markets around Asia faced stricter restrictions. Positively, employment rose for the fourth month in a row, suggesting that firms took on additional staff in anticipation of higher sales once the pandemic subsided. That said, outstanding business fell for 18th month. On the cost side, input cost went up for the sixth successive month, due to higher raw materials, staff and energy costs. Meantime, prices charged increase for the second month running, though the rate of inflation was marginal. Lastly, confidence remained positive but the degree of optimism weakened to the lowest since January.
2021-06-03
Japan Services PMI Lowest in 9 Months
The au Jibun Bank Japan Services PMI declined to 45.7 in May 2021 from a final 49.5 a month earlier. This was the 16th straight month of contraction in the service sector but the steepest pace since August 2020, amid a fresh wave of coronavirus cases that prompted the Japanese government to launch state of emergency measures, a preliminary figure showed, with output, new orders, and export sales all declining at faster paces. Meanwhile, employment growth eased to a three-month low, despite rising for the fourth month running, amid a faster drop in the backlog of works. Regarding inflation, both input prices and selling charged went up at softer rates. Lastly, business confidence weakened to the lowest in the current nine-month sequence of positivity.
2021-05-21
Japan April Services PMI Revised Higher
The au Jibun Bank Japan Services PMI was revised higher to 49.5 in April 2021 from preliminary data and March's final figure of 48.3. This was the 15th straight month of contraction in the service sector but the weakest pace in the sequence, amid the prolonged impact of the coronavirus pandemic. The gauge of new orders registered the highest readings since January 2020, while employment grew for the third month running and at the quickest pace in nearly two years. Meantime, foreign demand shrank faster than total new business, as key external markets continued to battle a fresh wave of COVID-19 cases. On the cost front, the rate of input cost inflation remained solid, amid higher staff costs and raw material prices, notably for fuel. Meantime, prices charged rose for the first time since February 2020, and were at the fastest pace in 15 months, as firms sought to partially pass through to customers additional cost burdens. Lastly, sentiment was positive for the eighth month in a row.
2021-05-07
Japan Services PMI Unchanged in April
The au Jibun Bank Japan Services PMI was at 48.3 in April 2021, unchanged from a final figure in March, a preliminary figure showed. This was the 15th straight month of decline in the service sector, amid a resurgence in local COVID-19 cases, with new emergency curbs expected to be rolled out in key prefectures soon. New orders shrank for the 15th month running, and export sales dropped at a faster pace. At the same time, employment growth slowed, while backlogs of works fell more. On the cost side, input prices rose at a softer rate, with output prices increasing following a drop in March. Lastly, sentiment eased to the lowest since January.
2021-04-23

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.