The au Jibun Bank Japan Manufacturing PMI increased to 50.6 in February 2021 from 49.8 a month earlier, marking the first month of expansion in factory activity since April 2019 and the fastest since December 2018. Both output and new orders expanded the most since December 2018, with export sales rising for the first time in four months and at the quickest pace since March 2018. At the same time, both employment and backlogs of work fell at a slower pace. On the price front, input cost inflation accelerated, while selling prices went up at a weaker rate. Looking ahead, business sentiment improved, marking the ninth consecutive month of positive sentiment among manufacturers. source: Markit Economics

Manufacturing PMI in Japan averaged 49.90 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 February of 2021.

Manufacturing PMI in Japan is expected to be 50.50 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 51.00 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.

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Japan Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
50.60 49.80 56.20 29.60 2008 - 2021 points Monthly
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News Stream
Japan Manufacturing Sector Returns to Growth
The au Jibun Bank Japan Manufacturing PMI increased to 50.6 in February 2021 from 49.8 a month earlier, marking the first month of expansion in factory activity since April 2019 and the fastest since December 2018. Both output and new orders expanded the most since December 2018, with export sales rising for the first time in four months and at the quickest pace since March 2018. At the same time, both employment and backlogs of work fell at a slower pace. On the price front, input cost inflation accelerated, while selling prices went up at a weaker rate. Looking ahead, business sentiment improved, marking the ninth consecutive month of positive sentiment among manufacturers.
2021-02-19
Japan Manufacturing PMI Revised Higher
The au Jibun Bank Japan Manufacturing PMI was revised higher to 49.8 in January 2020, up from a preliminary estimate of 49.7 and a final 50 in December 2020. It was the highest PMI reading since May 2019, pointing to a stabilization in operating conditions, as some business anticipated a recovery in demand in 2021. Output shrank at a marginal pace, after remaining broadly unchanged in the previous month. At the same time, new orders grew for first time in over two years, as business reported demand was starting recover, amid the launch of new products. Meanwhile, employment returned to contraction, after a stable in December. On the price front, input cost inflation quickened to the fastest since May 2019. As a result, output charges increased for the third straight month. Finally, business confidence remained optimistic due to hopes of an end the pandemic to trigger a wider economic recovery.
2021-02-01
Japan Manufacturing Shrinks Again
The au Jibun Bank Japan Manufacturing PMI was down to 49.7 in January 2021 from a final 50.0 in the prior month, a flash figure showed. The latest reading signaled a renewed deterioration in the sector, amid rising local COVID-19 cases that forced the government to declared a state of emergency in Tokyo and reimposed tighter social restriction measures. Output fell after no change in December, employment dropped again, and export sales continued to shrink. Meantime, new orders grew for the first time since December 2018. As for prices, both input prices and output cost increased faster. Looking ahead, confidence weakened, due to fears that t the impact of the pandemic will be prolonged.
2021-01-22
Japan Manufacturing Sector Stabilizes at End of 2020
The au Jibun Bank Japan Manufacturing PMI was revised higher to 50.0 in December 2020, up from a preliminary estimate of 49.7 and a final 49.0 in November. It was the highest PMI reading since April 2019, pointing to a stabilization in operating conditions, as the sector continued to gradually recover from dampened operating conditions exacerbated by the COVID-19 pandemic. Output was little-changed, bringing an end to a 23-month sequence of declines dating back to January 2019. At the same time, new orders fell the least in two years and employment levels increased for the first time since February, albeit at a fractional pace. On the price front, input cost inflation quickened to the fastest since January, and output charges increased for the second time in three months. Finally, business confidence regarding activity over the coming 12 months picked up in December.
2021-01-04

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.