Japan May 2025 Services PMI 51.0 (preliminary 50.8, prior 52.4)

Japan Jibun Bank PMI

May 2025 Services PMI 51.0

• preliminary 50.8, prior 52.4

Composite 50.2

• preliminary 49.8, prior 51.2

PMI manufacturing, final for May 2025 49.4 (prior 48.7)

Report in summary:

• Service sector growth slowed due to weaker demand and the slowest new business growth since November.

• Employment growth in services was the weakest since December 2023.

• Business sentiment improved from April’s low but remained below the post-pandemic average.

• Input costs stayed high, keeping inflation pressures elevated. Combined with weak manufacturing, overall private sector growth nearly stalled, with the composite PMI slipping to 50.2.

This article was written by Eamonn Sheridan at www.forexlive.com.