02 Sep Japan Manufacturing PMI
Posted at 06:06h in Japan
Manufacturing PMI in Japan decreased to 49.30 in August from 49.40 in July of 2019. Manufacturing PMI in Japan is reported by Markit Economics. The Jibun Bank Japan Manufacturing PMIÂ® is compiled by IHS Markit from responses to monthly questionnaires sent to purchasing managers in a panel of around 400 manufacturers. The panel is stratified by detailed sector and company workforce size, based on contributions to GDP. Survey responses indicate the direction of change compared to the previous month. A diffusion index is calculated for each survey variable. The index is the sum of the percentage of â€˜higherâ€™ responses and half the percentage of â€˜unchangedâ€™ responses. The indices vary between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease. The PMI is a weighted average of the following five indices: New Orders (30%), Output (25%), Employment (20%), Suppliersâ€™ Delivery Times (15%) and Stocks of Purchases (10%). For the PMI calculation the Suppliersâ€™ Delivery Times Index is inverted so that it moves in a comparable direction to the other indices. This page provides the latest reported value for – Japan Manufacturing PMI – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.