Japan: Manufacturing PMI - Final (SA)

Macro

2026-06-01

Description

The Japanese Manufacturing Purchasing Managers' Index (PMI) is compiled and published jointly by IHS Markit and Au Jibun Bank. The index measures the performance and health of the manufacturing sector by surveying purchasing managers from over 400 Japanese manufacturing companies each month. A PMI reading above 50 indicates expansion in the manufacturing sector, while a reading below 50 indicates contraction. This index is crucial for assessing the overall economic health and forecasting future economic activity. It also influences the Bank of Japan's (BOJ) monetary policy, as well as corporate and investment strategies.

The Manufacturing PMI consists of five main sub-indices: New Orders (30%), Output (25%), Employment (20%), Suppliers' Delivery Times (15%), and Stocks of Purchases (10%). This index is essential for evaluating economic conditions, affecting BOJ policy decisions, and guiding corporate and investment strategies.

The index is typically published on the first working day of each month.

Published by
National Tax Agency of Japan (Choice)
Frequency
Monthly
Next Update
Hashtags
Industry PMI Japan

AI Data Insight

Japan's Q2 (May) 2026 Manufacturing PMI edged down slightly to 54.5 from 55.1 in the previous month, meeting market expectations and marking a fifth consecutive month of expansion. Driven by strong overseas orders and precautionary stockpiling triggered by geopolitical conflicts, production capacity remained at a high level; however, mounting supply chain cost pressures will pose a hidden concern for the future outlook.

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AI Data Insight

Japan's Q2 (May) 2026 Manufacturing PMI edged down slightly to 54.5 from 55.1 in the previous month, meeting market expectations and marking a fifth consecutive month of expansion. Driven by strong overseas orders and precautionary stockpiling triggered by geopolitical conflicts, production capacity remained at a high level; however, mounting supply chain cost pressures will pose a hidden concern for the future outlook.

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Description

The Japanese Manufacturing Purchasing Managers' Index (PMI) is compiled and published jointly by IHS Markit and Au Jibun Bank. The index measures the performance and health of the manufacturing sector by surveying purchasing managers from over 400 Japanese manufacturing companies each month. A PMI reading above 50 indicates expansion in the manufacturing sector, while a reading below 50 indicates contraction. This index is crucial for assessing the overall economic health and forecasting future economic activity. It also influences the Bank of Japan's (BOJ) monetary policy, as well as corporate and investment strategies.

The Manufacturing PMI consists of five main sub-indices: New Orders (30%), Output (25%), Employment (20%), Suppliers' Delivery Times (15%), and Stocks of Purchases (10%). This index is essential for evaluating economic conditions, affecting BOJ policy decisions, and guiding corporate and investment strategies.

The index is typically published on the first working day of each month.

Published by
National Tax Agency of Japan (Choice)
Frequency
Monthly
Next Update
Hashtags
Industry PMI Japan