The au Jibun Bank Japan Services PMI went up to a 26-month high of 52.1 in November 2021 from 50.7 in the previous month, a preliminary figure showed. This was also the second straight month of expansion in services activity, buoyed by loosening COVID-19 restrictions and soaring vaccination rates. New orders returned to growth for the first time since January 2020 on the back of a rebound in export sales. That said, job shedding was seen for the first time in four months while backlogs of work increased following a drop in October. On the cost side, input price inflation quickened for the third month running to reach its highest since August 2008, but selling price fell in November after rising a month earlier. Looking ahead, service providers highlighted a record high degree of optimism regarding the year-ahead outlook for activity, as the domestic economic recovery gained traction. source: Markit Economics
Services PMI in Japan averaged 49.74 points from 2013 until 2021, reaching an all time high of 55.30 points in October of 2013 and a record low of 21.50 points in April of 2020. This page provides the latest reported value for - Japan Services PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Japan Services PMI - data, historical chart, forecasts and calendar of releases - was last updated on November of 2021.
Services PMI in Japan is expected to be 46.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Japan Services PMI is projected to trend around 51.60 points in 2022, according to our econometric models.