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. source: S&P Global

Composite PMI in Japan increased to 52.50 points in June from 51.10 points in May of 2026. Composite PMI in Japan averaged 50.45 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 52.50 points in June from 51.10 points in May of 2026. Composite PMI in Japan is expected to be 50.80 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 54.90 54.50 points Jun 2026
S&P Global Services PMI 51.80 50.00 points Jun 2026

Related Last Previous Unit Reference
Bankruptcies 780.00 883.00 Companies May 2026
Tankan Large Manufacturers Index 17.00 16.00 points Mar 2026
BSI Large Manufacturing -1.80 3.80 percent Jun 2026
Capacity Utilization MoM 102.90 103.70 points Apr 2026
Car Production 675899.00 633712.00 Units Mar 2026
Car Registrations 187486.00 223369.00 Units May 2026
Cement Production 3447.00 3770.00 Thousands of Tonnes Apr 2026
Changes in Inventories -1847.00 -1482.20 JPY Billion Mar 2026
Coincident Index 117.90 116.80 points Apr 2026
Composite Leading Indicator 100.27 100.25 points May 2026
Corporate Profits 32627.09 30027.03 JPY Billion Mar 2026
Eco Watchers Survey Current 43.60 40.80 points May 2026
Eco Watchers Survey Outlook 40.70 39.40 points May 2026
Industrial Production YoY 2.00 2.40 percent Apr 2026
Industrial Production MoM 0.50 -0.40 percent Apr 2026
Leading Economic Index 115.90 115.40 Points Apr 2026
Machine Tool Orders YoY 176833.00 188971.00 JPY Million May 2026
Machinery Orders MoM 8.70 -9.40 percent Apr 2026
Manufacturing Production 2.30 2.50 percent Apr 2026
Mining Production -8.70 -4.20 percent Apr 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 7.00 6.00 points Mar 2026
Steel Production 6600.00 6900.00 Thousand Tonnes Apr 2026
Tankan Large All Industry Capex 3.30 12.60 percent Mar 2026
Tankan Large Manufacturing Outlook 14.00 15.00 points Mar 2026
Tankan Non-Manufacturing Outlook 29.00 28.00 points Mar 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 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
Japan Composite PMI Slips to 5-Month Low
Japan’s S&P Global Composite PMI slipped to 51.1 in May from a final 52.2 in the previous month, flash data showed. It marked the slowest private-sector growth since December, but extended the expansion streak to 14 months. Momentum weakened as services stagnated for the first time in over a year, while manufacturing output rose partly on stockpiling amid Middle East tensions. Total new orders grew at the weakest pace in five months, though foreign demand edged higher. Employment gains slowed to a seven-month low despite a mild rise in backlogs. On prices, input costs climbed at the fastest rate since late 2022, driven by supply disruptions and higher energy and raw material prices, prompting firms to lift selling prices at the sharpest pace in nearly 19 years of data. Looking ahead, business sentiment ticked up to a three-month high but remained historically subdued as firms flagged supply chain risks, inflation, and fallout from the Middle East war.
2026-05-21