The au Jibun Bank Japan Services PMI climbed to 54.2 in June of 2022 from 52.6 in May. This markd the third straight month of expansion in services activity and the strongest pace since October 2013, amid the lifting of remaining COVID-19 restrictions on international visitors. source: Markit Economics

Services PMI in Japan averaged 49.77 points from 2013 until 2022, reaching an all time high of 55.30 points in October of 2013 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. Japan Services PMI - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.

Services PMI in Japan is expected to be 52.30 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 51.60 points in 2023, according to our econometric models.

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Japan Services 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 Services PMI
The Japan Services PMI (Purchasing Managers' Index) is based on data collected from a representative panel of over 400 private service sector companies based in Japan. The index tracks variables such as sales, employment, inventories and prices. A reading above 50 indicates that the services sector is generally expanding; below 50 indicates that it is generally declining.
Actual Previous Highest Lowest Dates Unit Frequency
54.20 52.60 55.30 21.50 2013 - 2022 points Monthly

News Stream
Japan Services Growth at Near 9-Year High
The au Jibun Bank Japan Services PMI climbed to 54.2 in June of 2022 from a final 52.6 in May, preliminary data showed. The latest print marked the third straight month of expansion in services activity and the strongest pace since October 2013, buoyed by the lifting of remaining COVID-19 curbs on international visitors. New business rose at a moderate pace for the second straight month as demand conditions were bolstered by the resumption of activity in the tourism sector, while foreign sales shrank at a slower rate. Meantime, employment fell after growing in May, while backlogs of works accelerated at a softer pace. On inflation, businesses recorded a fresh series record increase in input prices. This contributed to an accelerated rise in output prices, which went up at the strongest rate since October 2019. Lastly, confidence strengthened further.
2022-06-23
Japan Services PMI Revised Higher to 6-Month High
The au Jibun Bank Japan Services PMI was revised higher to a six-month high of 52.6 in May 2022 from a preliminary figure of 51.7, and after a final 50.7 in April. The latest figure was also the second straight month of expansion in services activity, due to the easing of pandemic-related restrictions and the diminishing impact of the virus, notably in the tourism sector. Both output and new orders grew the most since last November, with the rate of growth was solid, due to an improvement in client confidence as the pandemic impact dissipated. Meantime, employment rose to the fastest pace in 13 months, with increasing in business capacity, as outstanding business rose to the quickest since September 2019. On prices, input cost inflation accelerated to the highest on record, due to higher material and fuel prices. Consequently, output charge inflation rose to the sharpest since October 2019. Finally, sentiment eased slightly, reflecting uncertainty in global condition.
2022-06-03
Japan Services PMI Rises to 5-Month High
The au Jibun Bank Japan Services PMI increased to a five-month high of 51.7 in May 2022 from a final 50.7 in April, flash data showed. The latest figure was also the second straight month of expansion in services activity, due to the easing of pandemic-related restrictions and the diminishing impact of the virus, notably in the tourism sector. New orders grew the most since last December while rebounding sharply from the previous month. Meantime, employment rose further, despite the rate of increased slowed; while backlogs of work rose following a decline in April. On prices, input cost inflation accelerated to the highest on record, linked to greater reports of material shortages. Consequently, output charge inflation rose to the sharpest since October 2019. Finally, sentiment softened, reflecting uncertainty in global condition.
2022-05-24