Japan Composite PMI

Last Release

Mar 31, 2024

Actual

52.3

Units In

Points

50.6

Frequency

Monthly

Next Release

Apr 03, 2024

Time to Release

10 Days 0 Hours

Highest	Lowest	Average	Date Range	Source
54.3 May 2023	25.8 Apr 2020	50.22 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 Japan Composite PMI increased to 52.3 in March 2024 from a final 50.6 in February, flash data showed. It was the highest reading since August 2023, pointing to the third consecutive month of growth in private sector activity, as service providers expanded the most in ten months while the manufacturing sector contracted at the softest pace in four months. Demand conditions improved further, with orders from the service economy rising at the steepest pace since last June while those from factory activity fell the least in five months. Also, employment grew for the sixth month running, amid a renewed increase in staffing levels among manufacturers. However, a decline in foreign sales quickened. On the cost front, input price inflation hit a five-month high, due to an acceleration at service providers and persistently high input cost in manufacturing. Meanwhile, output charges rose the most in seven months. Finally, sentiment strengthened.