The au Jibun Bank Japan Services PMI rose to 50.2 in November 2024, up from 49.7 in the previous month, which had marked the lowest figure in four months, according to a flash reading. The upturn occurred alongside a modest expansion in new orders, with the pace remaining largely unchanged from October. Meanwhile, the decline in overseas orders slowed. Work backlogs rose at the fastest rate in eight months, indicating capacity pressures. In response, firms increased employment levels, achieving the strongest job creation rate since July. On the pricing front, input costs continued to rise significantly, albeit at a softer rate. However, companies transferred these costs to clients through a historically sharp and accelerated increase in selling prices. Lastly, sentiment strengthened. source: S&P Global
Services PMI in Japan increased to 50.20 points in November from 49.70 points in October of 2024. Services PMI in Japan averaged 50.39 points from 2013 until 2024, reaching an all time high of 55.90 points in May of 2023 and a record low of 21.50 points in April of 2020. This page provides the latest reported value for - Japan Services PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
Services PMI in Japan increased to 50.20 points in November from 49.70 points in October of 2024. Services PMI in Japan is expected to be 53.40 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.