The S&P Global Japan Manufacturing PMI was revised slightly lower to 54.8 in June 2026 from 54.9 in the preliminary estimate, but remained above May's reading of 54.5 and close to April's 55.1, which marked the strongest expansion since January 2022. It was the sixth straight month of growth in factory activity, supported by faster increases in output and new orders. Output growth was the second-fastest since January 2022. New orders grew at their fastest rate since January 2022, partly driven by client stock-building amid ongoing supply disruptions and concerns over future price increases related to the Middle East conflict. Meanwhile, employment increased at the fastest pace in more than eight years. On the price front, input cost inflation was unchanged from May's 44-month high, driven by higher energy, fuel, and raw material costs, while output price inflation eased. Finally, business sentiment remained below the historical trend amid concerns over the Middle East conflict. source: S&P Global

Manufacturing PMI in Japan increased to 54.80 points in June from 54.50 points in May of 2026. Manufacturing PMI in Japan averaged 50.12 points from 2008 until 2026, 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.

Manufacturing PMI in Japan increased to 54.80 points in June from 54.50 points in May of 2026. 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. In the long-term, the Japan Manufacturing PMI is projected to trend around 52.00 points in 2027, according to our econometric models.



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Japan Manufacturing PMI
The S&P Global Japan Manufacturing PMI is a monthly indicator of manufacturing sector performance, based on survey responses from a panel of approximately 400 manufacturers. Survey participants report changes compared to the previous month across several business variables. Each response is used to calculate a diffusion index ranging from 0 to 100, where a reading above 50 signals expansion, and below 50 indicates contraction. The headline figure, known as the Purchasing Managers’ Index™ (PMI), is a weighted composite of five key components: New Orders (30%), Output (25%), Employment (20%), Suppliers’ Delivery Times (15%), and Stocks of Purchases (10%). To ensure consistency in directional movement, the Suppliers’ Delivery Times Index is inverted when incorporated into the overall PMI.

News Stream
Japan Manufacturing PMI Revised Slightly Lower
The S&P Global Japan Manufacturing PMI was revised slightly lower to 54.8 in June 2026 from 54.9 in the preliminary estimate, but remained above May's reading of 54.5 and close to April's 55.1, which marked the strongest expansion since January 2022. It was the sixth straight month of growth in factory activity, supported by faster increases in output and new orders. Output growth was the second-fastest since January 2022. New orders grew at their fastest rate since January 2022, partly driven by client stock-building amid ongoing supply disruptions and concerns over future price increases related to the Middle East conflict. Meanwhile, employment increased at the fastest pace in more than eight years. On the price front, input cost inflation was unchanged from May's 44-month high, driven by higher energy, fuel, and raw material costs, while output price inflation eased. Finally, business sentiment remained below the historical trend amid concerns over the Middle East conflict.
2026-07-01
Japan Manufacturing Expansion Strengthens in June
The S&P Global Japan Manufacturing PMI increased to 54.9 in June 2026, above both May's reading and market expectations of 54.5 and close to April's 55.1, which marked the strongest expansion since January 2022, preliminary estimates showed. It was the sixth straight month of growth in factory activity, supported by faster growth in output and new orders. Output growth was the second-quickest since January 2022. New orders grew at a faster pace, with sales rising at their fastest rate since January 2022, partly driven by client stock-building amid ongoing supply disruptions and concerns over future price increases related to the Middle East conflict, while foreign sales rose at a slightly slower pace. Meanwhile, employment increased at the steepest pace in more than eight years. On prices, input and output inflation eased but remained near their highest levels since late 2022, boosted by higher energy, fuel, and raw material costs. Meanwhile, sentiment remained in positive territory.
2026-06-23
Japan Manufacturing PMI Confirmed at Lower Level
The S&P Global Japan Manufacturing PMI was confirmed at 54.5 in May 2026, matching the preliminary estimate and following a reading of 55.1 in April, which was the highest since January 2022. However, the latest reading still signaled expansion, albeit at a slower pace, as output continued to rise. Production growth was partly supported by stockpiling efforts, as the war in the Middle East continued to impact product availability and drive up prices. However, total new order growth slowed slightly despite a stronger rise in foreign demand, with new export business increasing at the fastest pace in five years. Purchasing activity increased to guard against future shortages, while employment rose solidly. On prices, input price inflation accelerated to the fastest pace since September 2022 due to higher material prices, while selling prices rose at the quickest pace since October 2022. Finally, sentiment improved amid hopes of stronger consumer demand and new product development.
2026-06-01