The au Jibun Bank Japan Manufacturing PMI increased to 53.0 in October 2021 from a final 51.5 a month earlier, a preliminary reading showed. This was the ninth straight month of expansion in factory activity and the strongest pace since July, amid a reduction in COVID-19 cases and easing pandemic restrictions across the country. Both output and new order reversed the declines recorded in September to rise marginally while buying levels rose following a fall in September. In addition, export sales growth quickened and employment grew at the fastest pace since April 2019 with backlogs of work increasing at a softer rate. On the cost side, inflation accelerated for both input and output prices, due to supply chain pressures and material shortages. Finally, business confidence improved to the highest since June's series record. source: Markit Economics

Manufacturing PMI in Japan averaged 50.04 points from 2008 until 2021, 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 October of 2021.

Manufacturing PMI in Japan is expected to be 52.00 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 2022, according to our econometric models.

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Japan Manufacturing PMI


News Stream
Japan Manufacturing PMI Rises to 3-Month High
The au Jibun Bank Japan Manufacturing PMI increased to 53.0 in October 2021 from a final 51.5 a month earlier, a preliminary reading showed. This was the ninth straight month of expansion in factory activity and the strongest pace since July, amid a reduction in COVID-19 cases and easing pandemic restrictions across the country. Both output and new order reversed the declines recorded in September to rise marginally while buying levels rose following a fall in September. In addition, export sales growth quickened and employment grew at the fastest pace since April 2019 with backlogs of work increasing at a softer rate. On the cost side, inflation accelerated for both input and output prices, due to supply chain pressures and material shortages. Finally, business confidence improved to the highest since June's series record.
2021-10-22
Japan Manufacturing PMI Revised Higher
The au Jibun Bank Japan Manufacturing PMI was revised higher to 51.5 in September 2021 from a preliminary reading of 51.2, and after a final 52.7 a month earlier. This was the weakest growth in factory activity since a contraction in January, as pandemic restrictions and heightened supply chain disruption dampened activity in the manufacturing sector. Meantime, employment grew at the strongest rate since April 2019, as backlogs of work increased for the seventh time in as many months. On the price front, input cost price inflation accelerated to the fastest pace in 13 years, while output cost inflation rises to the sharpest rate since October 2008. Finally, business confidence improved for the first time since June, as firms continued to forecast a rise in output in the coming year.
2021-10-01
Japan Manufacturing PMI Down to 8-Month Low
The au Jibun Bank Japan Manufacturing PMI fell to 51.2 in September 2021 from a final 52.7 a month earlier, a preliminary reading showed. This was the weakest growth in factory activity since a contraction in December 2020, amid disruptions of parts supplies due to the rapid spread of the Delta variant as well as a global semiconductor chip shortage. Output dropped the most in a year while overall new orders contracted at the quickest speed in 10 months. Meantime, employment grew at the strongest rate since January 2020. Finally, business confidence strengthened, amid an acceleration in vaccinations.
2021-09-24

Japan Last Unit Reference Previous Highest Lowest
Manufacturing PMI 53.00 points Oct/21 51.50 56.20 29.60
Services PMI 50.70 points Oct/21 47.80 55.30 21.50
Composite PMI 50.70 points Oct/21 47.90 54.10 25.80


Japan Manufacturing PMI
The Jibun Bank Japan Manufacturing PMI® is compiled by IHS Markit from responses to monthly questionnaires sent to purchasing managers in a panel of around 400 manufacturers. The panel is stratified by detailed sector and company workforce size, based on contributions to GDP. Survey responses indicate the direction of change compared to the previous month. A diffusion index is calculated for each survey variable. The index is the sum of the percentage of ‘higher’ responses and half the percentage of ‘unchanged’ responses. The indices vary between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease. The PMI is a weighted average of the following five indices: New Orders (30%), Output (25%), Employment (20%), Suppliers’ Delivery Times (15%) and Stocks of Purchases (10%). For the PMI calculation the Suppliers’ Delivery Times Index is inverted so that it moves in a comparable direction to the other indices.