Japan Composite PMI

Last Release

Jul 31, 2024

Actual

52.6

Units In

Points

49.7

Frequency

Monthly

Next Release

Aug 05, 2024

Time to Release

10 Days 18 Hours

Highest	Lowest	Average	Date Range	Source
54.3 May 2023	25.8 Apr 2020	50.26 Points	2013-2024	Markit Economics

In Japan, the Nikkei Japan Composite Output Index tracks business trends across private sector activity, based on data collected from a representative panel of around 800 companies. The index tracks variables such as sales, new orders, employment, inventories and prices. A reading above 50 indicates expansion in business activity and below 50 indicates that it is generally declining.

Latest Updates

The au Jibun Bank Flash Japan Composite PMI climbed to 52.6 in July 2024 from a final 49.7 in June which was the lowest reading in seven months. It was the sixth time of expansion in private sector activity year to date, mainly supported by the strongest growth in three months for the service sector as manufacturing activity unexpectedly contracted. Demand conditions strengthened, highlighted by an increase in new orders following a slight dip in the prior month. also, employment increased for the tenth month, as both manufacturing and services firms saw a sustained rise in headcounts. Backlogs of work increased for the first time in three months, despite only fractionally. At the same time, foreign sales continued to shrink. On the cost side, input prices and selling prices quickened. Finally, sentiment stayed positive but the degree of optimism softened.