The au Jibun Bank Japan Services PMI was revised lower to 50.3 in July 2022 from the flash data of 51.2, and after a final 54.0 in June which was the highest print since October 2013. While marking the fourth straight month of expansion in services activity, the downward revision reflected rising COVID-19 infections in some parts of the country. New orders rose the least in the current 3-month sequence of growth amid a slight fall in export sales. Meanwhile, employment rose for the sixth month running, while there was a renewed reduction in outstanding business, on easing pressure on the capacity for the first time in three months. On inflation, input prices have risen now for 20 months, and while the rate of inflation eased from June's series peak, it was the second-strongest in the survey history. Meantime, output price inflation slowed despite rising for the third month running. Finally, sentiment eased on concerns over the impact of high inflation and economic uncertainty. source: Markit Economics
Services PMI in Japan averaged 49.78 points from 2013 until 2022, 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 August of 2022.
Services PMI in Japan is expected to be 51.00 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 2023, according to our econometric models.