Japan: Manufacturing PMI - Final (SA)

Macro

2026-09-01

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 Manufacturing PMI for Q3 2026 (August) recorded 54.9, climbing further from the previous observation of 54.5, achieving the milestone of remaining steadily above the boom-or-bust line for eight consecutive months. Benefiting from strong demand for semiconductor and AI products, both new orders and employment expansion hit new highs in over eight years. Looking ahead, although short-term export momentum is strong, inflationary pressures brought by the weak yen and Middle East geopolitics will be key medium-term risks affecting the Bank of Japan's monetary policy.

AI Data Insight

Japan's Manufacturing PMI for Q3 2026 (August) recorded 54.9, climbing further from the previous observation of 54.5, achieving the milestone of remaining steadily above the boom-or-bust line for eight consecutive months. Benefiting from strong demand for semiconductor and AI products, both new orders and employment expansion hit new highs in over eight years. Looking ahead, although short-term export momentum is strong, inflationary pressures brought by the weak yen and Middle East geopolitics will be key medium-term risks affecting the Bank of Japan's monetary policy.

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