The au Jibun Bank Japan Manufacturing PMI was revised higher to 40.1 in June 2020 from a flash reading of 37.8, amid the prolonged impact of the COVID-19 pandemic on activity. The latest reading signaled a 14th consecutive month of contraction as new orders, output, employment and purchasing activity continued to fall at sharp rates. On the price front, selling prices dropped as businesses strived to stimulate sales, while input cost rose following a decline in May. Looking ahead, sentiment jumped back into positive territory for the first time since February.

Manufacturing PMI in Japan averaged 49.97 points from 2008 until 2020, 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 July of 2020. source: Markit Economics

Manufacturing PMI in Japan is expected to be 48.00 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 50.00 in 12 months time. In the long-term, the Japan Manufacturing PMI is projected to trend around 51.00 points in 2021 and 50.50 points in 2022, according to our econometric models.

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Japan Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
40.10 38.40 56.20 29.60 2008 - 2020 points Monthly
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News Stream
Japan Manufacturing PMI Revised Higher
The au Jibun Bank Japan Manufacturing PMI was revised higher to 40.1 in June 2020 from a flash reading of 37.8, amid the prolonged impact of the COVID-19 pandemic on activity. The latest reading signaled a 14th consecutive month of contraction as new orders, output, employment and purchasing activity continued to fall at sharp rates. On the price front, selling prices dropped as businesses strived to stimulate sales, while input cost rose following a decline in May. Looking ahead, sentiment jumped back into positive territory for the first time since February.
2020-07-01
Japan Manufacturing PMI Stays at 11-Year Low
The au Jibun Bank Japan Manufacturing PMI was down to 37.8 in June 2020 from a final 38.4 in May, a flash figure showed. It is a new low reading since April 2009, amid the prolonged impact of the COVID-19 pandemic on activity, with output falling at an accelerated pace that was the most severe in over 11 years. Also, employment declined slightly faster, although the rate of job shedding was only moderate. That said, there was some confidence of supply chain functioning more efficiently as input lead times lengthened to the smallest extent since January. On the price front, selling prices decreased at a softer rate, while input cost rose following a decline in May. Looking ahead, sentiment remained negative.
2020-06-23
Japan Factory Activity Shrinks the Most Since 2009
The au Jibun Bank Japan Manufacturing PMI was confirmed at 38.4 in May 2020, pointing to the steepest contraction in the sector since March 2009, due to the severe impact of the COVID-19 pandemic on activity. Both output and new orders fell the most for over 11 years, with demand from abroad slumping at a substantial pace. Meanwhile, spare capacity continued to rise substantially, although employment levels approached stabilization following April's sharp reduction. Backlogs of work fell at the strongest rate since March 2009 amid collapsing order book volumes and cancellations by clients. Input lead times lengthened sharply, which firms attributed to transportation issues, labor shortages at vendors and suspended production lines across the supply chain. On the price front, both input costs and output charges fell. Looking ahead, firms remained pessimistic towards the outlook for output.
2020-06-01
Japan Manufacturing Contracts the Most Since 2009
The au Jibun Bank Japan Manufacturing PMI fell to 38.4 in May 2020 from 41.9 in a month earlier, a flash figure showed, pointing to the steepest contraction in the sector since March 2009 as the COVID-19 crisis deepened. Output fell the most in over 11 years, with demand for Japanese goods collapsing at one of the fastest rates in the survey history. Meantime, employment was flat following a decline in April, while backlogs of work dropped at a faster pace. On the price front, both input cost and output charge deflation rates eased. Looking ahead, business sentiment weakened further.
2020-05-21

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.