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.

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Japan Manufacturing PMI



Related Last Previous Unit Reference
Services PMI 54.20 52.60 points Jun 2022
Manufacturing PMI 52.70 53.30 points Jun 2022
Composite PMI 53.20 52.30 points Jun 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
52.70 53.30 56.20 29.60 2008 - 2022 points Monthly
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News Stream
Japan Manufacturing Growth Eases to 4-Month Low
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.
2022-06-23
Japan Manufacturing PMI Revised Higher
The au Jibun Bank Japan Manufacturing PMI was little-changed to a three-month low of 53.3 in May 2022, compared with the preliminary reading of 53.2, and after a final 53.5 a month earlier but pointed to the 16th straight month of expansion as COVID-19 situation improved further. Both output and new order growth slowed to the softest recorded in the current 8-month sequence of growth, with new export orders falling at the sharpest pace since July 2020, amid supply chain disruptions due to the Ukraine war. Meanwhile employment rose for the fourth month running, with the rate of job creation quickening from April. Delivery times lengthened the most in seven months, due to material shortage and curbs in China, which contributed to the fourth-strongest increase in input prices in the survey history. That said, output price inflation slowed for the first time in three months. Finally, sentiment improved slightly from March's six-month low, underpinned by hopes that an end to the pandemic.
2022-06-01
Japan Manufacturing Growth Eases to 3-Month Low
The au Jibun Bank Japan Manufacturing PMI declined to a three-month low of 53.2 in May 2022 from a final 53.5 a month earlier but pointed to the 16th straight month of expansion as COVID-19 situation improved further, preliminary reading showed. Both output and new order growth eased to a marginal pace that was the weakest for three months, amid supply chain disruptions due to the Ukraine war. Also, buying level eased, while foreign orders dropped at a steeper rate amid renewed lockdown measures across China and the impact of the Ukraine war. Meantime, employment rose faster, as did with backlogs of works. Delivery times lengthened the most since April 2011, due to material shortage and curbs in China, which contributed to the third-strongest increase in input prices in the survey history. That said, output price inflation slowed. Finally, business confidence improved.
2022-05-24