The au Jibun Bank Japan Services PMI was revised upward to a 27-month high of 53.0 in November 2021 from a preliminary figure of 52.1, and after a final 50.7 in the prior month. This was also the second straight month of expansion in services activity, buoyed by easing COVID-19 restrictions and soaring vaccination rates. Output grew faster; while new orders returned to growth for the first time since January 2020, and the fastest since March 2019 on the back of a rebound in export sales. Meanwhile, the job shedding was seen for the first time in four months. On the cost side, input price inflation quickened to reach its highest since August 2008, amid higher raw material and staff costs. Meantime, output price inflation eased to a three-month low, as firms offered price discounting to stimulate sales. Looking ahead, business confidence improved to a record high due to hopes that a further dissipation of the pandemic would trigger a boost in both domestic and external demand. source: Markit Economics

Services PMI in Japan averaged 49.75 points from 2013 until 2021, 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 December of 2021.

Services PMI in Japan is expected to be 54.00 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 2022, according to our econometric models.

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Japan Services PMI


Related Last Previous Unit Reference
Manufacturing PMI 54.50 53.20 points Nov/21
Services PMI 53.00 50.70 points Nov/21
Composite PMI 53.30 50.70 points Nov/21

News Stream
Japan Services PMI Revised Higher to 27-Month High
The au Jibun Bank Japan Services PMI was revised upward to a 27-month high of 53.0 in November 2021 from a preliminary figure of 52.1, and after a final 50.7 in the prior month. This was also the second straight month of expansion in services activity, buoyed by easing COVID-19 restrictions and soaring vaccination rates. Output grew faster; while new orders returned to growth for the first time since January 2020, and the fastest since March 2019 on the back of a rebound in export sales. Meanwhile, the job shedding was seen for the first time in four months. On the cost side, input price inflation quickened to reach its highest since August 2008, amid higher raw material and staff costs. Meantime, output price inflation eased to a three-month low, as firms offered price discounting to stimulate sales. Looking ahead, business confidence improved to a record high due to hopes that a further dissipation of the pandemic would trigger a boost in both domestic and external demand.
2021-12-03
Japan Service Sector Grows the Most in 26 Months
The au Jibun Bank Japan Services PMI went up to a 26-month high of 52.1 in November 2021 from 50.7 in the previous month, a preliminary figure showed. This was also the second straight month of expansion in services activity, buoyed by loosening COVID-19 restrictions and soaring vaccination rates. New orders returned to growth for the first time since January 2020 on the back of a rebound in export sales. That said, job shedding was seen for the first time in four months while backlogs of work increased following a drop in October. On the cost side, input price inflation quickened for the third month running to reach its highest since August 2008, but selling price fell in November after rising a month earlier. Looking ahead, service providers highlighted a record high degree of optimism regarding the year-ahead outlook for activity, as the domestic economic recovery gained traction.
2021-11-24
Japan Services Sector Grows for 1st Time in 21 Months
The au Jibun Bank Japan Services PMI increased to 50.7 in October 2021 from 47.8 in the prior month, matching a flash reading This was the first expansion in the service sector since January 2020, buoyed by a lift in COVID-19 state of emergency in all regions by end of September as the number of new infections declined. Employment rose slightly while new orders fell the least since April and backlogs of work shrank at the softest pace in three months. At the same time, new export orders dropped at a faster rate, as more countries in Asia-Pacific battled with another wave of virus infections and surging transportation costs weighed on international sales. On the price front, input prices rose to the fastest since January 2020, due to higher raw material, fuel, and wage costs. Meanwhile, output prices increased to a 21-month high. Looking ahead, sentiment strengthened to the strongest since March 2013, amid hopes that the pandemic would end.
2021-11-04

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.