Japan JPY

Japan Jibun Bank Composite PMI Flash

Impact:
Low
Source: S&P Global

Latest Release:

Date:
Surprise:
-0.1
Actual:
49.8
Forecast: 49.9
Previous/Revision:
49.6
Period: Nov

Next Release:

Date:
Forecast: 50.2
Period: Dec
What Does It Measure?
The Jibun Bank Composite PMI Flash measures the overall health of the private sector in Japan by combining the results of both the manufacturing and services sectors' Purchasing Managers' Index (PMI). This leading indicator assesses production levels, employment trends, and new business orders, providing critical insights into economic activity and business sentiment within Japan's economy.
Frequency
The Jibun Bank Composite PMI Flash is released monthly, typically around the 21st of each month, with the figure being a preliminary estimate that may be subject to revisions in subsequent reports.
Why Do Traders Care?
Traders closely monitor the Jibun Bank Composite PMI Flash as it can significantly influence perceptions of Japan's economic trajectory, directly affecting financial markets, including the Japanese yen, equities, and bonds. The results are seen as vital indicators for gauging future economic growth; a robust PMI often leads to bullish sentiment in financial markets, while weaker data may result in bearish reactions.
What Is It Derived From?
This economic indicator is derived from surveys conducted among purchasing managers in the manufacturing and services sectors, focusing on key metrics such as output, new orders, and employment levels. The PMI is calculated using a diffusion index methodology, where a value above 50 indicates expansion in the sector and below 50 signals contraction, thus capturing the sentiment and trends in business activity.
Description
The Jibun Bank Composite PMI Flash serves as a critical tool for understanding economic conditions in Japan, situating businesses' performance within a broader economic context. It combines the manufacturing and services sectors to paint a comprehensive picture of economic activity; the preliminary report offers timely insights into shifts in business sentiment and potential future economic performance.
Additional Notes
The Composite PMI Flash is considered a leading indicator, reflecting prospective economic changes before they are formally recorded in other economic metrics. It provides insights that are influential for comparing Japan's economic conditions with other regions and helps analysts understand broader trends that could indicate shifts in global economic performance.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for JPY, Bullish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
Nov 22, 2024
49.8
 49.9
49.6
 -0.1
Oct 24, 2024
49.4
 51.8
52
 -2.4
Sep 24, 2024
52.5
 53.2
52.9
 -0.7
Aug 22, 2024
53
 51.4
52.5
 1.6
Jul 24, 2024
52.6
 50
49.7
 2.6
Jun 21, 2024
50
 52.5
52.6
 -2.5
May 23, 2024
52.4
 52.2
52.3
 0.2
Apr 23, 2024
52.6
 52
51.7
 0.6
Mar 21, 2024
52.3
 50.9
50.6
 1.4
Feb 22, 2024
50.3
 51.6
51.5
 -1.3
Jan 24, 2024
51.1
 49.5
50
 1.6
Dec 15, 2023
50.4
 50.8
49.6
 -0.4
Nov 24, 2023
50
 51
50.5
 -1
Oct 24, 2023
49.9
 51.5
52.1
 -1.6
Sep 22, 2023
51.8
 52.5
52.6
 -0.7
Aug 23, 2023
52.6
 52
52.2
 0.6
Jul 24, 2023
52.1
 52.2
52.1
 -0.1
Jun 23, 2023
52.3
 54
54.3
 -1.7
May 23, 2023
54.9
 53.4
52.9
 1.5
Apr 21, 2023
52.5
 53.2
52.9
 -0.7
Mar 24, 2023
51.9
 52.3
51.1
 -0.4
Feb 21, 2023
50.7
 51.7
50.7
 -1
Jan 24, 2023
50.8
 50
49.7
 0.8
Dec 16, 2022
50
 49.7
48.9
 0.3
Nov 24, 2022
48.9
 51.7
51.8
 -2.8
Oct 24, 2022
51.7
 50.4
51
 1.3
Sep 26, 2022
50.9
 49.9
49.4
 1
Aug 23, 2022
48.9
 50.6
50.2
 -1.7
Jul 22, 2022
50.6
 51.8
53
 -1.2
Jun 23, 2022
53.2
 51.9
52.3
 1.3
May 24, 2022
51.4
 50.5
51.1
 0.9
Apr 22, 2022
50.9
 48.6
50.3
 2.3
Mar 24, 2022
49.3
 46
45.8
 3.3
Feb 21, 2022
44.6
 49.7
48.8
 -5.1
Jan 24, 2022
48.8
 52.1
52.5
-3.3
Dec 16, 2021
51.8
 52.6
53.3
 -0.8
Nov 24, 2021
52.5
 50.5
50.7
 2
Oct 22, 2021
50.7
 49
47.9
 1.7
Sep 24, 2021
47.7
 46
45.5
 1.7
Aug 23, 2021
45.9
 48.5
48.8
 -2.6
Jul 26, 2021
47.7
 47.5
48.9
 0.2
Jun 23, 2021
47.8
 49
48.8
 -1.2
May 21, 2021
48.1
 51
51
 -2.9
Apr 23, 2021
50.2
 51
49.9
 -0.8
Mar 24, 2021
48.3
 49.8
48.2
 -1.5
Feb 19, 2021
47.6
 47
47.1
 0.6
Jan 22, 2021
46.7
 50.2
48.5
 -3.5
Dec 16, 2020
48
 49
48.1
 -1
Nov 20, 2020
47
 49.4
48
 -2.4
Oct 23, 2020
46.7
 47.8
46.6
 -1.1
Sep 23, 2020
45.5
 48
45.2
 -2.5
Aug 21, 2020
44.9
 50.5
44.9
 -5.6
Jul 22, 2020
43.9
 46.4
40.8
 -2.5
Jun 23, 2020
37.9
 42.4
27.8
 -4.5
May 21, 2020
27.4
 20.6
25.8
 6.8
Apr 23, 2020
27.8
 35
36.2
 -7.2
Mar 24, 2020
35.8
 42.5
47
 -6.7
Feb 21, 2020
47
 49
50.1
 -2
Jan 24, 2020
51.1
 49.2
48.6
 1.9
Dec 16, 2019
49.8
 49.9
49.8
 -0.1
Nov 22, 2019
49.9
 49.4
49.1
 0.5
Oct 24, 2019
49.8
 50.2
51.5
 -0.4
Sep 24, 2019
51.5
 51.1
51.9
 0.4
Aug 22, 2019
51.7
 50.9
50.6
 0.8
Jul 24, 2019
51.2
 50.5
50.8
 0.7