The au Jibun Bank Japan Manufacturing PMI was revised higher to 52.7 in March 2021, from a preliminary estimate of 52.0, signaling the strongest improvement in the health of the sector since October 2018 due to a sustained recovery from the COVID-19 crisis. Output expanded the most since December 2018 and new orders increased at the fastest pace since April 2018. Meanwhile, employment levels stabilized, while backlogs of work rose for the first time in 27 months. On the price front, input cost inflation was the highest since November 2018, while selling charges increased at the quickest rate since April 2019. Finally, business confidence regarding output over the year ahead remained positive, with sentiment underpinned by hopes that a successful vaccine rollout would trigger a broad economic recovery. source: Markit Economics
Manufacturing PMI in Japan averaged 49.92 points from 2008 until 2021, reaching an all time high of 56.20 points in January of 2014 and a record low of 29.60 points in February of 2009. 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 - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.
Manufacturing PMI in Japan is expected to be 52.00 points 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 49.00 in 12 months time. In the long-term, the Japan Manufacturing PMI is projected to trend around 50.50 points in 2022, according to our econometric models.