Japan: Manufacturing PMI - Final (SA)

Macro

2026-07-01

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 2026 (June) Manufacturing PMI rose from 54.5 in the previous month to 54.8, outperforming market expectations of 54.5 and marking an impressive six consecutive months of expansion. Benefiting from a surge in new orders and customers stocking up early due to the situation in the Middle East, both output and employment indicators hit their fastest growth rates in recent years. Looking ahead, although overseas demand remains strong, supply chain disruptions and soaring raw material costs remain potential risks.

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AI Data Insight

Japan's Q2 2026 (June) Manufacturing PMI rose from 54.5 in the previous month to 54.8, outperforming market expectations of 54.5 and marking an impressive six consecutive months of expansion. Benefiting from a surge in new orders and customers stocking up early due to the situation in the Middle East, both output and employment indicators hit their fastest growth rates in recent years. Looking ahead, although overseas demand remains strong, supply chain disruptions and soaring raw material costs remain potential risks.

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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