The au Jibun Bank Japan Manufacturing PMI was revised higher to 52.7 in August 2021 from a preliminary reading of 52.4 and after a final 53.0 a month earlier. This was the seventh straight month of growth in the manufacturing sector, in spite of COVID-19 restrictions and supply chain disruptions. Both output and new orders expanded at slower rates, buying activity rose at the softest pace in the current six-month sequence of growth while exports orders declined for the first time in seven months. Meantime, employment increased the most since January 2020. On the price front, input costs inflation eased, while output prices increased at the fastest pace since October 2018, as firms sought to partially pass on higher costs to clients. Lastly, confidence weakened to its lowest in seven months, as firms cited uncertainty regarding the duration of the pandemic. source: Markit Economics

Manufacturing PMI in Japan averaged 50.01 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 September of 2021.

Manufacturing PMI in Japan is expected to be 51.50 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 50.50 points in 2022, according to our econometric models.

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Japan Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
52.70 53.00 56.20 29.60 2008 - 2021 points Monthly
SA


News Stream
Japan Manufacturing PMI Revised Upward
The au Jibun Bank Japan Manufacturing PMI was revised higher to 52.7 in August 2021 from a preliminary reading of 52.4 and after a final 53.0 a month earlier. This was the seventh straight month of growth in the manufacturing sector, in spite of COVID-19 restrictions and supply chain disruptions. Both output and new orders expanded at slower rates, buying activity rose at the softest pace in the current six-month sequence of growth while exports orders declined for the first time in seven months. Meantime, employment increased the most since January 2020. On the price front, input costs inflation eased, while output prices increased at the fastest pace since October 2018, as firms sought to partially pass on higher costs to clients. Lastly, confidence weakened to its lowest in seven months, as firms cited uncertainty regarding the duration of the pandemic.
2021-09-01
Japan Manufacturing Growth Slows
The au Jibun Bank Japan Manufacturing PMI dropped to 52.4 in August 2021 from a final 53.0 a month earlier, a preliminary reading showed. Still, this was the seventh straight month of growth in the manufacturing sector, amid ongoing COVID-19 restrictions. Output, new orders, and new export orders all expanded at slower rates; while severe supply chain disruption hampered the receipt of inputs for production. At the same time, employment increased the most since January 2020, with a decline in backlogs of work accelerating. Prices data showed both input cost and selling prices went up less than those seen in July. Lastly, confidence weakened to its lowest in 13 months.
2021-08-23
Japan Manufacturing PMI Revised Upward
The au Jibun Bank Japan Manufacturing PMI was revised higher to 53.0 in July 2021, up from a preliminary estimate of 52.2 and a final 52.4 in June, as both output and new order growth rose faster, amid expanding employment levels for the fourth month running. Backlogs of work also continued to increase, providing further evidence of pressure on existing capacity during July. Meanwhile, businesses continued to report significant supply chain disruption had dampened demand somewhat. At the same time, input cost inflation accelerated to the fastest pace since September 2008, due to a faster rise in raw material prices. As a result, the output cost inflation rose to the quickest since November 2018. Looking ahead, sentiment remained positive, due to hopes an accelerating vaccine rollout would trigger a broad-based recovery in manufacturing, as well as ease pressure on supply chains.
2021-08-02
Japan Manufacturing PMI Drops to 5-Month Low
The au Jibun Bank Japan Manufacturing PMI was at 52.2 in July 2021, down from a final 52.4 in June, a preliminary reading showed. This marked the weakest pace of expansion in factory activity since February, as the economy struggled to stage a convincing recovery from the COVID-19 pandemic. Both output and new order growth eased to six-month lows, amid ongoing delays in receiving raw materials. Also, both export orders and buying activity expanded at softer rates. Manufacturers noted that demand for staff eased, with the rate of job creation the softest since April, while backlogs of works went up less than those in June. Regarding inflation, both input cost and selling prices rose at faster paces. Looking ahead, positive sentiment remained strong, despite easing slightly from June.
2021-07-26

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.