Mount Fuji, Japan

Japan PMI July 2022

Japan: Composite PMI deteriorates in July

The au Jibun Bank Composite Purchasing Managers’ Index (PMI) came in at 50.6 in July, down from June’s 53.0. As such, the index remained above the 50.0 no-change threshold, pointing to a softer improvement in business conditions from the previous month.

The manufacturing PMI stood at 52.2 in July, down from June’s 52.7. The services PMI activity index decreased to 51.2 in July (June: 54.0).

The weaker print in June was due to softer services activity, which was dented by the recent uptick in price pressures. In the manufacturing sector, activity grew at the lowest rate since September 2021. Input acceleration accelerated for the first time since May, dragging down the reading. Overall, business confidence fell due to weaker output expectations in both the services and manufacturing sectors.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest