Markit Japan Composite Purchasing Managers Index (PMI)

Country:
Japan
JPY, Japanese yen
Source:
Sector:
Business
Medium 49.9
48.3
Last release Importance Actual Forecast
Previous
49.9
Next release Actual Forecast
Previous
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Markit Composite PMI is a monthly summary report concerning the changes in the working conditions of private companies in the manufacturing and service sectors. The indicator is based on monthly surveys of purchasing managers working in Japanese private companies.

Purchasing managers can sometimes track changes in market conditions earlier than other company employees, since purchases precede a company's production activity, so those among the first to notice the changes are those responsible of purchases. Purchasing managers are among the first to notice such changes. The sample for the survey is chosen so as to cover the maximum possible number of large companies across the country.

Purchasing managers complete a questionnaire, in which they assess the basic parameters of their work: input and output prices, employment, production, new orders, etc. Survey participants provide relative estimates, that is, if the data is up, or if the data is down or if the data remains the same. Individual subindexes are calculated based on these answers. These subindexes characterize inflation, employment and other key indicators of economic activity.

Each response is weighted according to the size of a company and its contribution to the total production or services of the subsector it belongs to. Thus, the largest companies make a greater contribution to the indicator calculation.

The index is seasonally adjusted. Individual weights are given to polled companies. Readings above 50 indicate that most of respondents positively characterize current business conditions. Readings below 50 mean worsening of business conditions.

Markit Composite PMI is one of the most popular indexes closely watched by analysts. It provides operational information covering business activity in the entire private sector in Japan. It is interpreted as a leading indicator of production and inflation. PMI growth is an indication of favorable changes in market conditions and can be seen as positive for the Japanese yen.

Last values:

actual data

The chart of the entire available history of the "Markit Japan Composite Purchasing Managers Index (PMI)" macroeconomic indicator.

Date (GMT)
Reference
Actual
Forecast
Previous
Mar 2021
49.9
48.3
Mar 2021 prelim.
48.3
48.2
Feb 2021
48.2
47.6
Feb 2021 prelim.
47.6
47.1
Jan 2021
47.1
46.7
Jan 2021 prelim.
46.7
48.5
Dec 2020
48.5
48.0
Dec 2020 prelim.
48.0
48.1
Nov 2020
48.1
47.0
Nov 2020 prelim.
47.0
48.0
Oct 2020
48.0
46.7
Oct 2020 prelim.
46.7
46.6
Sep 2020
46.6
45.5
Sep 2020 prelim.
45.5
45.2
Aug 2020
45.2
44.9
Aug 2020 prelim.
44.9
44.9
Jul 2020
44.9
43.9
Jul 2020 prelim.
43.9
40.8
Jun 2020
40.8
37.9
Jun 2020 prelim.
37.9
27.8
May 2020
27.8
27.4
May 2020 prelim.
27.4
25.8
Apr 2020
25.8
27.8
Apr 2020 prelim.
27.8
36.2
Mar 2020
36.2
35.8
Mar 2020 prelim.
35.8
47.0
Feb 2020
47.0
47.0
Feb 2020 prelim.
47.0
50.1
Jan 2020
50.1
51.1
Jan 2020 prelim.
51.1
48.6
Dec 2019
48.6
49.8
Dec 2019 prelim.
49.8
49.8
Nov 2019
49.8
49.9
Nov 2019 prelim.
49.9
49.1
Oct 2019
49.1
49.8
Oct 2019 prelim.
49.8
51.5
Sep 2019
51.5
51.5
Sep 2019 prelim.
51.5

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