The au Jibun Bank Japan Manufacturing PMI declined to 52.7 in May 2022 from a final 53.3 a month earlier, a flash reading showed. While marking the lowest figure in four months and signaling the joint-softest operating conditions since last September, the latest print still represented the 17th straight month of expansion in factory activity, amid the lifting of COVID-19 curbs. Output rose at the slowest rate in the current four-month sequence of growth, and buying levels eased, while new orders contracted for the first time in nine months. Meantime, employment growth accelerated, with backlogs of works accumulating at a slower rate. Delivery times lengthened further due to persistent problem of material shortage and pressure on supply chains, which contributed to the strongest increase in output prices in the survey history. That said, input price inflation eased. Finally, sentiment remained positive. source: Markit Economics
Manufacturing PMI in Japan averaged 50.22 points from 2008 until 2022, reaching an all time high of 56.20 points in January of 2014 and a record low of 29.60 points in February of 2009. This page provides the latest reported value for - Japan Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Japan Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.
Manufacturing PMI in Japan is expected to be 53.10 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Japan Manufacturing PMI is projected to trend around 50.50 points in 2023, according to our econometric models.