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Japan Manufacturing Pmi

Last Release

Oct 2021

Actual

53 points

Forecast

N/A

51.5 points

Frequency

Monthly

Units In

points

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
56.2 points Jan 2014	29.6 points Feb 2009	50.03 points	2008 - 2021	Markit Economics

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.

Latest Updates

The au Jibun Bank Japan Manufacturing PMI increased to 53.0 in October 2021 from a final 51.5 a month earlier, a preliminary reading showed. This was the ninth straight month of expansion in factory activity and the strongest pace since July, amid a reduction in COVID-19 cases and easing pandemic restrictions across the country. Both output and new order reversed the declines recorded in September to rise marginally while buying levels rose following a fall in September. In addition, export sales growth quickened and employment grew at the fastest pace since April 2019 with backlogs of work increasing at a softer rate. On the cost side, inflation accelerated for both input and output prices, due to supply chain pressures and material shortages. Finally, business confidence improved to the highest since June's series record.