Japan’s S&P Global Services PMI rose to 53.4 in March 2026, exceeding the flash estimate of 53.0 and market expectations of 52.8, though easing from February’s 21-month high of 53.8. The latest result signaled ongoing expansion in the service sector, with new business rising for a 21st straight month, albeit at a softer pace. Export demand improved, with new orders growing at one of the fastest rates in ten months, though still modest. Firms continued hiring to expand capacity, but job creation slowed to its weakest since October. Backlogs of work rose slightly, diverging from the long-term trend of declining outstanding business. Input cost inflation accelerated to its strongest in nearly a year, driven by higher raw material, energy, and fuel costs linked to Middle East tensions. Output price growth eased from February but remained elevated. Lastly, business sentiment weakened, falling to its lowest since the pandemic amid rising geopolitical uncertainty. source: S&P Global
Services PMI in Japan decreased to 53.40 points in March from 53.80 points in February of 2026. Services PMI in Japan averaged 50.63 points from 2013 until 2026, reaching an all time high of 55.90 points in May of 2023 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.
Services PMI in Japan decreased to 53.40 points in March from 53.80 points in February of 2026. Services PMI in Japan is expected to be 51.30 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 51.30 points in 2027, according to our econometric models.