Japan’s S&P Global Services PMI rose to 53.8 in February 2026, confirming preliminary estimates, and up slightly from January’s 53.7, marking the fastest pace since May 2024. Growth was supported by a solid rise in new orders, the most pronounced since April 2024, driven mainly by stronger domestic demand and new client wins. Backlogs of work accumulated at a solid pace, the fastest since June 2023, as firms contended with rising workloads. Employment growth slowed to a three-month low due to labor shortages and staff turnover, although it remained above the survey’s long-run average. Input costs rose sharply, climbing at a historically fast rate, while selling prices increased at the quickest pace since April 2014 as companies passed on higher costs to customers. Business confidence strengthened, with firms expressing optimism for continued growth over the next 12 months, supported by improving demand and investment in new capacity. source: S&P Global
Services PMI in Japan increased to 53.80 points in February from 53.70 points in January of 2026. Services PMI in Japan averaged 50.61 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 increased to 53.80 points in February from 53.70 points in January of 2026. Services PMI in Japan is expected to be 51.50 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.