Japan’s S&P Global Composite PMI Business Activity Index was revised higher to 52.8 in June 2026 from the flash estimate of 52.5, marking its highest level since March and extending the sector’s expansion streak to 15 consecutive months. The improvement came as service providers reported stronger business activity, while manufacturing output also continued to recover. New orders rose at the fastest pace since February, supported primarily by domestic demand, although foreign demand increased only marginally. Firms also reported the strongest accumulation of backlogged work in four months, prompting a slightly faster, though still modest, increase in hiring. On the price front, cost pressures intensified, with input prices rising at the sharpest pace in four years, reflecting higher labor, raw material, and operating costs. Businesses continued to pass part of these higher costs on to customers, although output price inflation eased from May’s record high and remained elevated overall. source: S&P Global

Composite PMI in Japan increased to 52.80 points in June from 51.10 points in May of 2026. Composite PMI in Japan averaged 50.46 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 52.80 points in June from 51.10 points in May 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 54.80 54.50 points Jun 2026
S&P Global Services PMI 52.20 50.00 points Jun 2026

Related Last Previous Unit Reference
Bankruptcies 1021.00 780.00 Companies Jun 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 102.90 103.70 points Apr 2026
Car Production 589567.00 675899.00 Units Apr 2026
Car Registrations 247956.00 187486.00 Units Jun 2026
Cement Production 3816.00 3447.00 Thousands of Tonnes May 2026
Changes in Inventories -1847.00 -1482.20 JPY Billion Mar 2026
Coincident Index 118.50 118.10 points May 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 44.00 43.60 points Jun 2026
Eco Watchers Survey Outlook 45.70 40.70 points Jun 2026
Industrial Production YoY -1.70 2.00 percent May 2026
Industrial Production MoM 0.50 0.50 percent May 2026
Leading Economic Index 116.80 116.10 Points May 2026
Machine Tool Orders YoY 203515.00 176833.00 JPY Million Jun 2026
Machinery Orders MoM 8.70 -9.40 percent Apr 2026
Manufacturing Production -1.60 2.10 percent May 2026
Mining Production -7.10 -8.70 percent May 2026
New Orders 1248.68 1177.64 JPY Billion Apr 2026
Capital Spending YoY 0.00 6.50 percent Mar 2026
Reuters Tankan Index 13.00 8.00 points Jun 2026
Tankan Small Manufacturers Index 9.00 7.00 points Jun 2026
Steel Production 7000.00 6600.00 Thousand Tonnes May 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 106.70 105.30 points Apr 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 Revised Upward
Japan’s S&P Global Composite PMI Business Activity Index was revised higher to 52.8 in June 2026 from the flash estimate of 52.5, marking its highest level since March and extending the sector’s expansion streak to 15 consecutive months. The improvement came as service providers reported stronger business activity, while manufacturing output also continued to recover. New orders rose at the fastest pace since February, supported primarily by domestic demand, although foreign demand increased only marginally. Firms also reported the strongest accumulation of backlogged work in four months, prompting a slightly faster, though still modest, increase in hiring. On the price front, cost pressures intensified, with input prices rising at the sharpest pace in four years, reflecting higher labor, raw material, and operating costs. Businesses continued to pass part of these higher costs on to customers, although output price inflation eased from May’s record high and remained elevated overall.
2026-07-03
Japan Composite PMI Hits 3-Month High
Japan’s S&P Global Composite PMI rose to 52.5 in June 2026 from a final 51.1 in May, according to flash estimates. The reading was the highest since March, marking the 15th month of expansion in private-sector activity and remaining above the post-pandemic average. Growth was driven by the strongest increase in manufacturing output since January 2022, while services activity grew modestly. New orders rose the most in four months, supported by a slight rise in foreign demand. Backlogs of work increased at the fastest pace in four months, though employment rose modestly after May’s seven-month low. On inflation, input cost accelerated for a fifth month to its strongest since July 2022, due to higher energy, fuel, and raw material costs linked to the Middle East war. That said, output price inflation eased from May’s record. Lastly, sentiment weakened further and remained below its average, reflecting supply chain disruptions from the Middle East conflict and persistent labor shortages.
2026-06-23
Japan Composite PMI Confirmed at 5-Month Low
Japan’s S&P Global Composite PMI stood at 51.1 in May 2026, matching flash data and marking the 14th straight month of expansion in private sector activity. However, the latest reading eased from 52.2 in April and pointed to the weakest growth since December, as overall activity was supported solely by stronger manufacturing output while the services sector stagnated. New business continued to rise but at the slowest pace in five months, reflecting only modest demand growth. External demand also softened, with overseas orders for Japanese goods and services increasing at the weakest rate so far this year. Employment growth slowed to a seven-month low, contributing to a faster accumulation of backlogged work. At the same time, cost pressures intensified, with input prices rising at the sharpest pace in 43 months. Firms responded by raising selling prices more aggressively, pushing output charge inflation to a new survey record.
2026-06-03