The Jibun Bank Japan Manufacturing PMI was revised lower to 49.3 in August 2019 from a flash figure of 49.5 and compared to July's 49.4. The latest reading was consistent with a contraction in the manufacturing sector and pointed to one of the strongest declines seen across the past three years, amid trade tensions with South Korea and an ongoing trade dispute between the US and China. Output contracted at a slower rate while new orders fell the most in five months, amid tougher conditions in both domestic and overseas markets. In addition, firms reduced purchasing activity, although supplier delivery times continued to lengthen despite a diminished appetite for inputs. Meantime, employment was the only positive indicator in August, with jobs growth continuing at a historically solid rate. On the price front, input costs rose the least since December 2016; while companies reduced output prices for the third month in a row in an attempt to stimulate sales. Manufacturing PMI in Japan is reported by Markit Economics.

Manufacturing PMI in Japan is expected to be 49.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Japan to stand at 50.90 in 12 months time. In the long-term, the Japan Manufacturing PMI is projected to trend around 50.20 in 2020, according to our econometric models.

Japan Manufacturing PMI
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Japan Business Last Previous Highest Lowest Unit
Business Confidence 7.00 12.00 53.00 -58.00 Index Points [+]
Manufacturing PMI 49.30 49.40 56.20 29.60 [+]
Services Pmi 53.30 51.80 55.30 46.40 Index Points [+]
Industrial Production 0.70 -3.80 30.00 -37.20 percent [+]
Industrial Production Mom 1.30 -3.30 6.80 -16.50 percent [+]
Manufacturing Production 0.70 -3.80 29.30 -37.20 percent [+]
Capacity Utilization 102.30 101.20 136.10 68.60 Index Points [+]
New Orders 1053.95 1122.80 1624.17 693.64 JPY Billion [+]
Machinery Orders -6.60 13.90 25.50 -17.00 percent [+]
Changes in Inventories 2007.90 2299.30 7613.70 -6589.80 JPY Billion [+]
Bankruptcies 678.00 802.00 1965.00 6.00 Companies [+]
Corporate Profits 23232.47 22244.02 26401.12 43.24 JPY Billion [+]
Coincident Index 99.80 99.50 106.90 69.30 [+]
Economy Watchers Survey 42.80 41.20 57.50 18.90 [+]
Car Production 696692.00 676431.00 961994.00 249772.00 Units [+]
Car Registrations 201903.00 258150.00 585449.00 83044.00 [+]
Leading Economic Index 93.60 93.60 108.00 72.50 Index Points [+]
Small Business Sentiment -1.00 6.00 46.00 -60.00 [+]
Internet Speed 20171.96 19574.52 20171.96 6541.92 KBps [+]
IP Addresses 43689566.00 43995715.00 44977757.00 23570249.00 IP [+]
Machine Tool Orders 88347.00 101278.00 182860.00 19037.00 JPY Million [+]
Mining Production -0.70 -7.60 16.20 -16.10 percent [+]
Cement Production 5000.00 4694.00 9368.00 4218.00 Thousands of Tonnes [+]
All Industry Activity Index 106.00 106.90 108.70 94.20 Index Points [+]
Competitiveness Index 82.47 81.59 82.47 5.36 Points [+]
Competitiveness Rank 5.00 8.00 10.00 5.00 [+]
Composite Pmi 51.90 50.60 54.10 46.30 [+]
Corruption Index 73.00 73.00 80.00 58.00 Points [+]
Corruption Rank 18.00 20.00 25.00 14.00 [+]
Ease of Doing Business 39.00 34.00 39.00 13.00 [+]
Private Investment 1.90 6.10 12.80 -25.33 percent [+]
Non Manufacturing Pmi 23.00 21.00 57.00 -41.00 [+]
Reuters Tankan Index -7.00 -4.00 39.00 -78.00 Index Points [+]
Tertiary Industry Index 106.90 106.80 107.20 73.20 Index Points [+]
Steel Production 8386.66 8789.26 10775.00 1177.00 Thousand Tonnes [+]


Japan Manufacturing PMI

The Jibun Bank Japan Manufacturing PMI® is compiled by IHS Markit from responses to monthly questionnaires sent to purchasing managers in a panel of around 400 manufacturers. The panel is stratified by detailed sector and company workforce size, based on contributions to GDP. Survey responses indicate the direction of change compared to the previous month. A diffusion index is calculated for each survey variable. The index is the sum of the percentage of ‘higher’ responses and half the percentage of ‘unchanged’ responses. The indices vary between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease. The PMI is a weighted average of the following five indices: New Orders (30%), Output (25%), Employment (20%), Suppliers’ Delivery Times (15%) and Stocks of Purchases (10%). For the PMI calculation the Suppliers’ Delivery Times Index is inverted so that it moves in a comparable direction to the other indices. This page provides the latest reported value for - Japan Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Japan Manufacturing PMI - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
49.30 49.40 56.20 29.60 2008 - 2019 Monthly
SA




Country Last Previous
Australia 53.10 Aug/19
Brazil 52.50 Aug/19
Canada 49.10 Aug/19
China 50.40 Aug/19
Euro Area 47.00 Aug/19
France 51.10 Aug/19
Germany 43.50 Aug/19
India 51.40 Aug/19
Indonesia 49.00 Aug/19
Italy 48.70 Aug/19
Japan 49.30 Aug/19
Mexico 49.00 Aug/19
Netherlands 51.60 Aug/19
Russia 49.10 Aug/19
Saudi Arabia 57.00 Aug/19
Singapore 49.90 Aug/19
South Africa 45.70 Aug/19
South Korea 49.00 Aug/19
Spain 48.80 Aug/19
Switzerland 47.20 Aug/19
Turkey 48.00 Aug/19
United Kingdom 47.40 Aug/19
United States 50.30 Aug/19


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