The au Jibun Bank Japan Services PMI was revised higher to 46.3 in February 2021, up from a preliminary reading of 45.8 and compared with 46.1 in the previous month. Still, the latest reading marked the 13th consecutive month of contraction in the service sector as ongoing restrictions to combat the pandemic weighed on activity. New business continued to decline, while employment expanded for the first time since February 2020. Meantime, firms utilized spare capacity to further reduce outstanding business for the fifteenth month in a row. Prices data showed cost burdens rising for the third month running, though the increase was the softest in the current sequence of inflation. However, output charges fell for a twelfth straight month, with the pace of price discounting being the quickest since August 2020 as firms looked to attract customers. Lastly, business confidence picked up from the previous month and was the strongest since January 2018. source: Markit Economics

Services PMI in Japan averaged 49.90 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 March of 2021.

Services PMI in Japan is expected to be 49.60 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Services PMI in Japan to stand at 51.90 in 12 months time. In the long-term, the Japan Services PMI is projected to trend around 51.60 points in 2022, according to our econometric models.

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Japan Services PMI

Actual Previous Highest Lowest Dates Unit Frequency
46.30 46.10 55.30 21.50 2013 - 2021 points Monthly


News Stream
Japan Services PMI Revised Higher
The au Jibun Bank Japan Services PMI was revised higher to 46.3 in February 2021, up from a preliminary reading of 45.8 and compared with 46.1 in the previous month. Still, the latest reading marked the 13th consecutive month of contraction in the service sector as ongoing restrictions to combat the pandemic weighed on activity. New business continued to decline, while employment expanded for the first time since February 2020. Meantime, firms utilized spare capacity to further reduce outstanding business for the fifteenth month in a row. Prices data showed cost burdens rising for the third month running, though the increase was the softest in the current sequence of inflation. However, output charges fell for a twelfth straight month, with the pace of price discounting being the quickest since August 2020 as firms looked to attract customers. Lastly, business confidence picked up from the previous month and was the strongest since January 2018.
2021-03-03
Japan Services PMI Drops to 6-Month Low
The au Jibun Bank Japan Services PMI fell to 45.8 in February 2021, from 46.1 in the previous month, signaling a quicker deterioration in business activity across the service sector, as businesses struggled to mitigate the impact from emergency measures taken to curb the spread of coronavirus in Tokyo and nine other prefectures. New business contracted sharply, with the pace of decline the fastest for nine months; and export orders dropped further. Meanwhile, employment expanded for the first time since February 2020. Regarding prices, input cost fell after rising in January; while output charges were reduced at a faster rate. Lastly, business sentiment strengthened, with the level of optimism rising to the highest in three months.
2021-02-19
Japan Services Sector Shrinks the Most in 5 Months
The au Jibun Bank Japan Services PMI came in at 46.1 in January 2021, compared with a preliminary reading of 45.7 and a final 47.2 in December. This was the twelfth straight month of contraction in the sector and the steepest pace in five months, as the government declared a state of emergency in Tokyo due to rising local COVID-19 infections. Both activity and incoming new business declined the most since May. Meanwhile, firms recorded a broadly stable labor market. There was evidence that businesses redirected capacity towards the completion of existing projects, indicated by a sharp fall in outstanding business. As for prices, input cost went up for the second straight month, while prices charged fell further on price-discounting strategies that extended into an eleventh successive month amid efforts to stimulate sales. Looking ahead, sentiment remained positive.
2021-02-03
Japan Services PMI Lowest in 5 Months
The au Jibun Bank Japan Services PMI declined to 45.7 in January 2020 from a final 47.2 in December, a preliminary figure showed. This marked the twelfth straight month of contraction in the sector and the steepest pace in five months, as the government declared a state of emergency in Tokyo due to rising local COVID-19 infections. Both activity and incoming new business declined the most since May. Meanwhile, firms recorded a broadly stable labor market. Lastly, sentiment softened for a third month in a row.
2021-01-22

Japan Services PMI
The Japan Services PMI (Purchasing Managers' Index) is based on data collected from a representative panel of over 400 private service sector companies based in Japan. The index tracks variables such as sales, employment, inventories and prices. A reading above 50 indicates that the services sector is generally expanding; below 50 indicates that it is generally declining.