The Jibun Bank Japan Manufacturing PMI was confirmed at 48.9 in September 2019, compared to a final 49.3 in August, signalling a sharper deterioration in the health of the manufacturing sector. Both output and new orders declined at accelerated rates and overseas sales fell for the tenth month in a row, amid lower demand from China, the US and Europe. Also, firms tapered their purchasing of inputs, while pre-production stocks fell the most in eight months. At the same time, employment growth slowed, due to lower inflows of new work and the retirement of ageing employees. Regarding prices, input cost inflation eased to a near three-year low, while selling prices were reduced for a fourth month in succession. Looking ahead, confidence was subdued on the back of global trade frictions and fears of a domestic economic slowdown. Manufacturing PMI in Japan is reported by Markit Economics.

Manufacturing PMI in Japan is expected to be 48.90 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 5.00 7.00 53.00 -58.00 Index Points [+]
Services Pmi 52.80 53.30 55.30 46.40 Index Points [+]
Manufacturing PMI 48.90 49.30 56.20 29.60 [+]
Industrial Production -4.70 0.70 30.00 -37.20 percent [+]
Industrial Production Mom -1.20 1.30 6.80 -16.50 percent [+]
Manufacturing Production -4.70 0.70 29.30 -37.20 percent [+]
Capacity Utilization 99.30 102.30 136.10 68.60 Index Points [+]
New Orders 1170.77 1053.95 1624.17 693.64 JPY Billion [+]
Machinery Orders -2.40 -6.60 25.50 -17.00 percent [+]
Changes in Inventories 2007.90 2299.30 7613.70 -6589.80 JPY Billion [+]
Bankruptcies 702.00 678.00 1965.00 6.00 Companies [+]
Corporate Profits 23232.47 22244.02 26401.12 43.24 JPY Billion [+]
Coincident Index 99.30 99.70 106.90 69.30 [+]
Economy Watchers Survey 46.70 42.80 57.50 18.90 [+]
Car Production 774265.00 696692.00 961994.00 249772.00 Units [+]
Car Registrations 300280.00 201903.00 585449.00 83044.00 [+]
Leading Economic Index 91.70 93.70 108.00 72.50 Index Points [+]
Small Business Sentiment -4.00 -1.00 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 [+]
Private Investment 1.90 6.10 12.80 -25.33 percent [+]
Non Manufacturing Pmi 21.00 23.00 57.00 -41.00 [+]
Reuters Tankan Index -5.00 -7.00 39.00 -78.00 Index Points [+]
Machine Tool Orders 98956.00 88487.00 182860.00 19037.00 JPY Million [+]
Mining Production -8.90 -0.70 16.20 -16.10 percent [+]
Tertiary Industry Index 107.30 106.90 107.30 73.20 Index Points [+]
Steel Production 8115.55 8386.66 10775.00 1177.00 Thousand Tonnes [+]
Cement Production 4654.00 5000.00 9368.00 4218.00 Thousands of Tonnes [+]
All Industry Activity Index 106.20 106.00 108.70 94.20 Index Points [+]
Competitiveness Index 82.27 82.47 82.47 5.36 Points [+]
Competitiveness Rank 6.00 5.00 10.00 5.00 [+]
Composite Pmi 51.50 51.90 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 [+]


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 October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
48.90 49.30 56.20 29.60 2008 - 2019 Monthly
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Country Last Previous
Australia 54.70 Sep/19
Brazil 53.40 Sep/19
Canada 51.00 Sep/19
China 51.40 Sep/19
Euro Area 45.70 Sep/19
France 50.10 Sep/19
Germany 41.70 Sep/19
India 51.40 Sep/19
Indonesia 49.10 Sep/19
Italy 47.80 Sep/19
Japan 48.90 Sep/19
Mexico 49.10 Sep/19
Netherlands 51.60 Sep/19
Russia 46.30 Sep/19
Saudi Arabia 57.30 Sep/19
Singapore 49.50 Sep/19
South Africa 41.60 Sep/19
South Korea 48.00 Sep/19
Spain 47.70 Sep/19
Switzerland 44.60 Sep/19
Turkey 50.00 Sep/19
United Kingdom 48.30 Sep/19
United States 51.10 Sep/19


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