Japan's Tankan Large Non-Manufacturing Index increased to 24 in the fourth quarter of 2018 from 22 in the third quarter of 2018, beating market expectations of 21. Non Manufacturing Pmi in Japan averaged 5.21 from 1983 until 2018, reaching an all time high of 57 in the third quarter of 1990 and a record low of -41 in the fourth quarter of 1998.
Non Manufacturing Pmi in Japan is expected to be 24.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Non Manufacturing Pmi in Japan to stand at 21.00 in 12 months time. In the long-term, the Japan Tankan Index For Large Non Manufacturing Companies is projected to trend around 21.00 in 2020, according to our econometric models.