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.