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.