Japan Jibun / S&P Global Services PMI for April 52.4
- flash was 52.2, prior 50.0
Composite PMI 51.2
- prior 51.1
Annabel Fiddes, Associate Director at S&P Global Market Intelligence, comments in the report on the latest Japan PMI survey:
Japan’s private sector returned to expansion in April, driven solely by a rebound in services activity.
Services saw a notable improvement in demand, while manufacturing contracted more sharply amid U.S. tariff headwinds.
Overall output growth remains subdued, with services carrying the momentum for five of the past six months.
Business confidence declined across both sectors, reflecting concerns over global economic conditions and tariff-related risks.
Input price inflation hit a two-year high in April, prompting firms to raise prices to protect margins.
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Last week we had the JIbun PMI Manufacturing April 2025 Final come in at 48.7
- prior 48.4, preliminary 48.5
