Japan’s S&P Global Composite PMI Business Activity Index rose to 53.4 in August 2026 from a final 52.7 in July, flash data showed. It was the highest reading since February, also marking a 17-month expansion streak in private-sector activity, driven by a sharp rebound in manufacturing output and faster services activity. New orders grew the most in six months, though foreign demand diverged: manufacturers saw export sales surge at the fastest rate since early 2018, while service providers faced a steep drop in overseas business. Firms expanded headcounts for the 35th straight month, with job creation accelerating slightly. Input cost inflation eased to a five-month low but stayed elevated, fueled by higher raw materials, energy, and wage pressures, compounded by a weak yen and Middle East conflict. Selling prices continued to rise at one of the fastest rates on record. Finally, sentiment improved to its highest since February, signaling optimism despite persistent cost challenges. source: S&P Global

Composite PMI in Japan increased to 53.40 points in August from 52.70 points in July of 2026. Composite PMI in Japan averaged 50.49 points from 2013 until 2026, reaching an all time high of 54.30 points in May of 2023 and a record low of 25.80 points in April of 2020. This page provides - Japan Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Composite PMI in Japan increased to 53.40 points in August from 52.70 points in July of 2026. Composite 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 Composite PMI is projected to trend around 51.10 points in 2027 and 52.00 points in 2028, according to our econometric models.




Components Last Previous Unit Reference
S&P Global Manufacturing PMI 55.10 54.50 points Aug 2026
S&P Global Services PMI 52.30 51.20 points Aug 2026

Related Last Previous Unit Reference
Bankruptcies 1028.00 1021.00 Companies Jul 2026
Tankan Large Manufacturers Index 22.00 17.00 points Jun 2026
BSI Large Manufacturing -1.80 3.80 percent Jun 2026
Capacity Utilization MoM 107.20 103.00 points Jun 2026
Car Production 540331.00 589567.00 Units May 2026
Car Registrations 242578.00 247956.00 Units Jul 2026
Cement Production 3391.00 3816.00 Thousands of Tonnes Jun 2026
Changes in Inventories -2772.40 -1918.80 JPY Billion Jun 2026
Coincident Index 118.20 117.90 points Jun 2026
Composite Leading Indicator 100.30 100.24 points Jun 2026
Corporate Profits 32627.09 30027.03 JPY Billion Mar 2026
Eco Watchers Survey Current 45.70 44.00 points Jul 2026
Eco Watchers Survey Outlook 45.80 45.70 points Jul 2026
Industrial Production YoY 4.90 -2.10 percent Jun 2026
Industrial Production MoM 1.90 0.10 percent Jun 2026
Leading Economic Index 116.40 116.40 Points Jun 2026
Machine Tool Orders YoY 193102.00 203515.00 JPY Million Jul 2026
Machinery Orders MoM 9.70 -12.40 percent Jun 2026
Manufacturing Production 4.10 -2.10 percent Jun 2026
Mining Production -7.20 -7.10 percent Jun 2026
New Orders 1687.06 1248.68 JPY Billion May 2026
Capital Spending YoY 0.00 6.50 percent Mar 2026
Reuters Tankan Index 18.00 13.00 points Aug 2026
Tankan Small Manufacturers Index 9.00 7.00 points Jun 2026
Steel Production 6800.00 7000.00 Thousand Tonnes Jun 2026
Tankan Large All Industry Capex 11.50 3.30 percent Jun 2026
Tankan Large Manufacturing Outlook 17.00 14.00 points Jun 2026
Tankan Non-Manufacturing Outlook 28.00 29.00 points Jun 2026
Tertiary Industry Index MoM 106.70 106.90 points Jun 2026


Japan Composite PMI
The S&P Global Japan Composite PMI Output Index is a key indicator of overall private sector business activity in Japan. It is calculated as a weighted average of the Manufacturing Output Index and the Services Business Activity Index, with weights reflecting the relative size of each sector based on official GDP data. The index draws on survey responses from a representative panel of approximately 800 companies across the manufacturing and services sectors. Although often referred to as the ‘Composite PMI’, this index should not be confused with the headline Manufacturing PMI, as it uniquely captures output trends across both sectors. The Composite Output Index tracks key variables including sales, new orders, employment, inventories, and prices. It is presented as a diffusion index ranging from 0 to 100, where a reading above 50 signals overall growth compared to the previous month, and a reading below 50 indicates contraction.

News Stream
Japan Composite PMI Rises to 6-Month Peak
Japan’s S&P Global Composite PMI Business Activity Index rose to 53.4 in August 2026 from a final 52.7 in July, flash data showed. It was the highest reading since February, also marking a 17-month expansion streak in private-sector activity, driven by a sharp rebound in manufacturing output and faster services activity. New orders grew the most in six months, though foreign demand diverged: manufacturers saw export sales surge at the fastest rate since early 2018, while service providers faced a steep drop in overseas business. Firms expanded headcounts for the 35th straight month, with job creation accelerating slightly. Input cost inflation eased to a five-month low but stayed elevated, fueled by higher raw materials, energy, and wage pressures, compounded by a weak yen and Middle East conflict. Selling prices continued to rise at one of the fastest rates on record. Finally, sentiment improved to its highest since February, signaling optimism despite persistent cost challenges.
2026-08-21
Japan Composite PMI Revised Downward
Japan’s S&P Global Composite PMI Business Activity Index was revised lower to 52.7 in July 2026 from the flash estimate of 53.1 and edged lower from 52.8 in the previous month. Even so, the latest reading remained the highest since February, signaling a 16th consecutive month of expansion in private-sector activity. Growth was uneven across sectors, with factory output posting its strongest increase since early 2014, while services activity expanded at a slower, more modest pace. New orders continued to rise but at a softer rate, although export demand strengthened further. Employment increased for a 34th straight month, though hiring eased slightly from June, alongside a slower accumulation of backlogged work. On the inflation front, input costs continued to rise at a historically elevated pace despite easing to a three-month low. Firms passed higher costs on to customers, lifting selling prices at the second-fastest rate since the survey began in late 2007.
2026-08-05
Japan Composite PMI Highest in Five Months
Japan’s S&P Global Composite PMI Business Activity Index edged up to 53.1 in July 2026 from a final 52.8 in the prior month, flash data showed. It was the highest reading since February, marking the 16th straight month of expansion in private sector activity. Manufacturing output surged at the fastest pace since 2014, while services growth eased. Overall new orders rose more slowly, reflecting weaker service demand, though foreign sales climbed at the quickest rate in four months. Hiring extended its 34-month run, with employment growth steady, but capacity strains mounted as backlogs built at the fastest pace since February’s record. On prices, input cost inflation hit its lowest since April yet remained elevated amid Middle East conflict-driven supply and energy pressures. Firms raised selling prices more sharply, while business confidence softened from June, weighed by concerns over energy costs, raw materials, and supply chain risks tied to the ongoing geopolitical uncertainty.
2026-07-24