The Nikkei Japan Services PMI came in at 52.0 in March 2019, little-changed from the previous month's 52.3 and slightly below market consensus of 52.1. New orders rose the most since the series began, despite a subdued growth in new export business, and the rate of job creation accelerated for a second month to the strongest since last August. At the same time, backlogs of works fell fractionally. On the price front, operating expenses rose the most in five months, due mainly to higher labor costs, while output price inflation rose to an eight-month high. Lastly, business confidence weakened to its lowest in 18 months, with some companies expecting the consumption tax hike to have an adverse impact on growth prospects. Services Pmi in Japan is reported by Markit Economics.

Services Pmi in Japan is expected to be 52.30 Index 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 54.00 in 12 months time. In the long-term, the Japan Services PMI is projected to trend around 52.90 Index Points in 2020, according to our econometric models.

Japan Services PMI
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Japan Business Last Previous Highest Lowest Unit
Business Confidence 12.00 19.00 53.00 -58.00 Index Points [+]
Manufacturing PMI 49.50 49.20 56.20 29.60 [+]
Services Pmi 52.00 52.30 55.30 46.40 Index Points [+]
Industrial Production -1.10 0.70 30.00 -37.20 percent [+]
Industrial Production Mom 0.70 -2.50 6.80 -16.50 percent [+]
Manufacturing Production -1.10 0.70 29.30 -37.20 percent [+]
Capacity Utilization 101.00 100.00 136.10 68.60 Index Points [+]
New Orders 983.99 1060.92 1624.17 693.64 JPY Billion [+]
Machinery Orders 1.80 -5.40 25.50 -17.00 percent [+]
Changes in Inventories 1599.80 1520.70 7636.60 -6554.30 JPY Billion [+]
Bankruptcies 662.00 589.00 1965.00 6.00 Companies [+]
Corporate Profits 19476.32 18284.72 26401.12 43.24 JPY Billion [+]
Coincident Index 98.80 98.10 107.00 69.30 [+]
Economy Watchers Survey 44.80 47.50 57.50 18.90 [+]
Car Production 677024.00 682426.00 961994.00 249772.00 Units [+]
Car Registrations 357254.00 261007.00 585449.00 83044.00 [+]
Leading Economic Index 97.40 96.50 107.90 72.40 Index Points [+]
Small Business Sentiment 6.00 14.00 46.00 -60.00 [+]
Internet Speed 20171.96 19574.52 20171.96 6541.92 KBps [+]
IP Addresses 43689566.00 43995715.00 44977757.00 23570249.00 IP [+]
Private Investment 5.70 4.50 12.80 -25.33 percent [+]
Mining Production -1.40 -4.60 16.20 -16.10 percent [+]
Cement Production 4796.00 4438.00 9368.00 4218.00 Thousands of Tonnes [+]
Competitiveness Index 82.47 81.59 82.47 5.36 Points [+]
Competitiveness Rank 5.00 8.00 10.00 5.00 [+]
Composite Pmi 50.40 50.70 54.10 46.30 [+]
Corruption Index 73.00 73.00 80.00 58.00 Points [+]
Corruption Rank 18.00 20.00 25.00 14.00 [+]
Ease of Doing Business 39.00 34.00 39.00 13.00 [+]
Non Manufacturing Pmi 21.00 24.00 57.00 -41.00 [+]
Steel Production 7743.38 8141.17 10775.00 1177.00 Thousand Tonnes [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
52.00 52.30 55.30 46.40 2013 - 2019 Index Points Monthly




Country Last Previous
Australia 44.80 Mar/19
Brazil 52.70 Mar/19
China 54.40 Mar/19
Euro Area 52.50 Apr/19
France 50.50 Apr/19
Germany 55.60 Apr/19
India 52.00 Mar/19
Italy 53.10 Mar/19
Japan 52.00 Mar/19
Russia 54.40 Mar/19
Spain 56.80 Mar/19
United Kingdom 48.90 Mar/19
United States 52.90 Apr/19


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