Japan Composite PMI

Last Release

Jul 31, 2024

Actual

52.5

Units In

Points

49.7

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

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 was at 49.8 in November 2024, up from 49.6 in the previous month, preliminary data showed. However, this marked the second consecutive month of contraction in private sector activity. The service sector saw a modest renewal in growth while manufacturing output declined for the fifth consecutive month. Demand conditions stalled, indicated by stagnant new orders and a further drop in foreign orders. However, employment growth reached a four-month high, accompanied by a rise in outstanding business for the first time since April. Cost pressures remained elevated due to rising raw material prices and a weak yen. Although input cost inflation eased, output prices increased at a faster rate. Finally, overall confidence improved.