Japan Manufacturing PMI
Japan's Manufacturing PMI fell to 48.3 in October 2025, down 0.4% from 48.5 in September 2025. This marks the lowest point since March 2024. The decline stems from a faster drop in new orders and weaker customer demand, showing the steepest reduction in factory orders in 20 months. US trade tariffs are impacting exports, especially for automobiles and steel. Rising costs for raw materials, labor and energy also dampen business sentiment. Japan's record low Manufacturing PMI was 47.2 in February 2024 and record high was 51.5 in August 2022.
Monthly Historical Data (2022-2025)
(in points)Recent Events
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Japan Manufacturing PMI : Definition
Japan Manufacturing PMI: An index showing the economic condition of Japan's manufacturing sector. It is calculated from surveys asking purchasing managers about changes in business conditions like new orders, production, employment and inventories. A score over 50 means growth; under 50 means contraction.