Japan Manufacturing PMI Revised Downward

2026-08-03 00:33 By Chusnul Chotimah 1 min. read

The S&P Global Japan Manufacturing PMI was revised lower to 54.5 in July 2026 from the preliminary estimate of 54.7, following a final reading of 54.8 in the previous month.

It marked the seventh straight month of expansion in factory activity, as output grew the most since early 2014, supported by the steepest rise in new orders in four-and-a-half years amid strong AI-related demand.

Employment increased solidly, while backlogs of work rose for the seventh straight month and at the fastest pace since February 2014.

Purchasing activity rose for the fourth consecutive month, with the rate of accumulation being the sharpest since May 2024, while stocks of finished goods neared stabilisation.

Meanwhile, suppliers' delivery times lengthened markedly.

On prices, input price inflation eased to a four-month low, while output prices rose sharply.

Finally, business sentiment improved to its highest level in four months, supported by hopes of stronger demand, particularly for semiconductors.



News Stream
Japan Manufacturing PMI Revised Downward
The S&P Global Japan Manufacturing PMI was revised lower to 54.5 in July 2026 from the preliminary estimate of 54.7, following a final reading of 54.8 in the previous month. It marked the seventh straight month of expansion in factory activity, as output grew the most since early 2014, supported by the steepest rise in new orders in four-and-a-half years amid strong AI-related demand. Employment increased solidly, while backlogs of work rose for the seventh straight month and at the fastest pace since February 2014. Purchasing activity rose for the fourth consecutive month, with the rate of accumulation being the sharpest since May 2024, while stocks of finished goods neared stabilisation. Meanwhile, suppliers' delivery times lengthened markedly. On prices, input price inflation eased to a four-month low, while output prices rose sharply. Finally, business sentiment improved to its highest level in four months, supported by hopes of stronger demand, particularly for semiconductors.
2026-08-03
Japan Manufacturing Growth Eases Slightly
The S&P Global Japan Manufacturing PMI inched down to 54.7 in July 2026 from 54.8 in the previous month, but surpassed market expectations of 54.5, preliminary estimates showed. It was the seventh straight month of expansion in factory activity, supported by faster increases in output, while new orders grew at the fastest pace in over five years. Meanwhile, employment increased at a faster pace. Purchasing activity rose at the fastest pace in more than four years, feeding through to higher stocks of purchases amid ongoing supply chain disruption and higher prices linked to the conflict. Stocks of finished goods also rose, marking the first increase in two years. On the price front, input price inflation eased, while output price inflation slowed to a three-month low. Finally, business sentiment improved to its highest level in four months, supported by hopes of new product launches and stronger demand, notably in the AI and semiconductor industries.
2026-07-24
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