Japan Manufacturing Purchasing Managers Index (PMI)

JPY
Actual
48.2
Forecast
48.2
Previous
47.2
Latest Release
Apr 01, 2024
Importance
Source
Nomura/JMMA
Overview
The Manufacturing Purchasing Managers' Index (PMI) is a diffusion index incorporating survey results provided by manufacturing firms throughout the country. A reading above fifty suggests the manufacturing sector is expanding, while a reading below fifty suggests the manufacturing sector is in contraction. Policymakers and traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, rather than waiting for the hard data to emerge. While manufacturing accounts for a far smaller percentage of economic output than services, it is far more cyclical and is therefore a useful indicator of where in the economic cycle the economy is currently situated.

A reading that is stronger than forecast is generally supportive (bullish) for the JPY, while a weaker than forecast reading is generally negative (bearish) for the JPY.
Historical Data
Release Date
Time
Actual
Forecast
Previous
Apr 01, 2024 (Mar) 06:00 48.2 48.2
47.2
Mar 21, 2024 (Mar) 06:00 48.2 47.5
47.2
Mar 01, 2024 (Feb) 06:00 47.2 47.2
47.2
Feb 22, 2024 (Feb) 06:00 47.2 48.2
48.0
Feb 01, 2024 (Jan) 06:00 48.0 48.0
48.0
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