Japan: Manufacturing PMI - Final (SA)

Macro

2026-10-01

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

AI Data Insight

Japan's Q3 2026 Manufacturing PMI fell to 54.1, missing market expectations of 55.0 and dropping significantly from the previous reading of 54.9. This indicates that, affected by slowing domestic orders and rising costs, the manufacturing expansion momentum has hit a near six-month low. However, supported by AI and semiconductor export sales, the index has remained firmly above the boom-or-bust line for nine consecutive months.

AI Data Insight

Japan's Q3 2026 Manufacturing PMI fell to 54.1, missing market expectations of 55.0 and dropping significantly from the previous reading of 54.9. This indicates that, affected by slowing domestic orders and rising costs, the manufacturing expansion momentum has hit a near six-month low. However, supported by AI and semiconductor export sales, the index has remained firmly above the boom-or-bust line for nine consecutive months.

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