Japan’s S&P Global Services PMI was at 50.0 in May 2026, aligning with the preliminary estimate and marking its lowest level since March 2025. The reading ended a 13-month run of expansion, pointing to stagnation in the services sector. Growth in new orders slowed to its weakest pace since the current cycle began near two years ago. Export orders fell at the fastest rate in more than four years, underscoring softer overseas appetite. Employment growth eased to a nine-month low, while backlogs of work rose modestly. Cost pressures mounted, with input prices increasing the most in 43 months, driven by higher fuel, energy, and raw material costs amid supplier hikes linked to Middle East tensions. Rising labor expenses added to the squeeze, prompting firms to raise selling prices at a near-record pace. Lastly, sentiment improved for a second month but stayed below post-pandemic norms, with companies citing geopolitical risks, elevated costs, and demographic headwinds from aging population. source: S&P Global
Services PMI in Japan decreased to 50 points in May from 51 points in April 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 50 points in May from 51 points in April 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 and 52.00 points in 2028, according to our econometric models.