Japan: Markit Services PMI

Macro

2026-07-03

Description

-

Published by
Markit (Choice)
Frequency
Monthly
Next Update

AI Data Insight

Japan's newly released Q2 2026 Services PMI rebounded sharply to 52.2, not only breaking away from the previous value on the edge of the boom-or-bust line (50.0) but also beating the market consensus of 51.8. Despite a pullback in overseas demand and tourist numbers, strong domestic new orders remained the main pillar of support. However, corporate input costs hit a near four-year high, providing potential underlying support for the Bank of Japan's subsequent push to normalize monetary policy.

AI Data Insight

Japan's newly released Q2 2026 Services PMI rebounded sharply to 52.2, not only breaking away from the previous value on the edge of the boom-or-bust line (50.0) but also beating the market consensus of 51.8. Despite a pullback in overseas demand and tourist numbers, strong domestic new orders remained the main pillar of support. However, corporate input costs hit a near four-year high, providing potential underlying support for the Bank of Japan's subsequent push to normalize monetary policy.

Description

-

Published by
Markit (Choice)
Frequency
Monthly
Next Update