Japan Services PMI Revised Downward

2026-01-07 01:17 By Farida Husna 1 min. read

Japan’s S&P Global Services PMI eased to 51.6 in December 2025, below the preliminary estimate of 52.5 and November’s reading of 53.2.

While marking the lowest level since May 2025, the latest result pointed to a ninth straight month of increase in services activity.

New order growth slowed, despite a modest uptick in foreign orders, which marked the first rise in overseas demand since June.

Encouragingly, hiring momentum remained firm, with employment rising at a solid pace and reaching its fastest rate since May 2023.

At the same time, outstanding business accumulated at the quickest rate in three months, indicating sustained capacity pressures.

On the pricing front, input cost inflation accelerated to its sharpest pace since May and remained well above the long-run average, prompting selling prices to rise at a historically strong rate.

Finally, sentiment stayed upbeat, underpinned by expectations of new product launches, store openings, and improving client demand.



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