Japan Jibun Bank Manufacturing PMI Flash

Info

History

Chart

Impact:

Medium

Source: S&P Global

Latest Release:

Date:

Big Surprise:

0.9

JPY

Actual:

50.4

Forecast: 49.5

Previous/Revision:

49.4

Period: Jun

Next Release:

Date:

Period: Jul

What Does It Measure?

The Japan Jibun Bank Manufacturing PMI Flash measures the health of the manufacturing sector in Japan by assessing variables such as production volumes, new orders, and employment levels. This index provides insights into the overall economic performance and business sentiment within the manufacturing industry, with values above 50 indicating expansion and values below 50 signifying contraction on a national scale.

Frequency

The Jibun Bank Manufacturing PMI Flash is released monthly as a preliminary estimate, typically published on the first business day of the month following the reporting period.

Why Do Traders Care?

Traders closely monitor the Jibun Bank Manufacturing PMI Flash as it serves as an early indicator of economic activity in Japan, directly impacting market expectations for growth and monetary policy. Higher-than-expected readings can bolster the Japanese Yen and drive stock markets higher, whereas disappointing results may lead to bearish sentiment in these assets.

What Is It Derived From?

The Jibun Bank Manufacturing PMI Flash is calculated based on a survey of purchasing managers across various manufacturing firms in Japan, encompassing a sample size that reflects the industry’s diverse sectors. The survey employs diffusion indices, where the responses regarding new orders, output, employment, suppliers’ delivery times, and stocks of purchases are weighted to create the overall index.

Description

Data for the Jibun Bank Manufacturing PMI Flash is reported as a preliminary measure, reflecting early sentiment among manufacturers. This index is primarily reported on a month-over-month (MoM) basis to capture short-term changes in economic conditions, offering insights into immediate trends and potential shifts in manufacturing activities.

Additional Notes

The Jibun Bank Manufacturing PMI Flash is considered a leading economic indicator, as it provides advance insights into manufacturing output before more comprehensive data is available. Analysts often compare it to other indicators such as industrial production and the Tankan survey to gauge overall economic health and trends in the manufacturing sector.

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	Actual	Forecast	Previous	Surprise
Jun 23, 2025	50.4	49.5	49.4	0.9
May 22, 2025		49
Apr 23, 2025		47.8
Mar 24, 2025		49.2
Feb 21, 2025		49
Jan 24, 2025		49.7
Dec 16, 2024		49.2
Nov 22, 2024	49	49.5	49.2	-0.5
Oct 24, 2024	49	49.9	49.7	-0.9
Sep 24, 2024	49.6	49.9	49.8	-0.3
Aug 22, 2024	49.5	49.8	49.1	-0.3
Jul 24, 2024	49.2	50.5	50	-1.3
Jun 21, 2024	50.1	50.6	50.4	-0.5
May 23, 2024	50.5	49.7	49.6	0.8
Apr 23, 2024	49.9	48	48.2	1.9
Mar 21, 2024	48.2	48.2	47.2
Feb 22, 2024	47.2	48.2	48	-1
Jan 24, 2024	48	48.2	47.9	-0.2
Dec 15, 2023	47.7	49.5	48.3	-1.8
Nov 24, 2023	48.1	48.8	48.7	-0.7
Oct 24, 2023	48.5	49	48.5	-0.5
Sep 22, 2023	48.6	49.9	49.6	-1.3
Aug 23, 2023	49.7	49.5	49.6	0.2
Jul 24, 2023	49.4	49.8	49.8	-0.4
Jun 23, 2023	49.8	50	50.6	-0.2
May 23, 2023	50.8	50.2	49.5	0.6
Apr 21, 2023	49.5	50	49.2	-0.5
Mar 24, 2023	48.6	48.8	47.7	-0.2
Feb 21, 2023	47.4	50.4	48.9	-3
Jan 24, 2023	48.9	49.4	48.9	-0.5
Dec 16, 2022	48.8	49.6	49	-0.8
Nov 24, 2022	49.4	50.8	50.7	-1.4
Oct 24, 2022	50.7	50.5	50.8	0.2
Sep 26, 2022	51	51.7	51.5	-0.7
Aug 23, 2022	51	51.9	52.1	-0.9
Jul 22, 2022	52.2	52	52.7	0.2
Jun 23, 2022	52.7	53.1	53.3	-0.4
May 24, 2022	53.2	53	53.5	0.2
Apr 22, 2022	53.4	53	54.1	0.4
Mar 24, 2022	53.2	51	52.7	2.2
Feb 21, 2022	52.9	55	55.4	-2.1
Jan 24, 2022	54.6	54	54.3	0.6
Dec 16, 2021	54.2	54.6	54.5	-0.4
Nov 24, 2021	54.2	53	53.2	1.2
Oct 22, 2021	53	51.3	51.5	1.7
Sep 24, 2021	51.2	51.5	52.7	-0.3
Aug 23, 2021	52.4	52.8	53	-0.4
Jul 26, 2021	52.2	51.9	52.4	0.3
Jun 23, 2021	51.5	53.1	53	-1.6
May 21, 2021	52.5	53.3	53.6	-0.8
Apr 23, 2021	53.3	53	52.7	0.3
Mar 24, 2021	52	52	51.4
Feb 19, 2021	50.6	50	49.8	0.6
Jan 22, 2021	49.7	50.9	50	-1.2
Dec 16, 2020	49.7	50	49	-0.3
Nov 20, 2020	48.3	49.4	48.7	-1.1
Oct 23, 2020	48	48.5	47.7	-0.5
Sep 23, 2020	47.3	48	47.2	-0.7
Aug 21, 2020	46.6	49	45.2	-2.4
Jul 22, 2020	42.6	42.4	40.1	0.2
Jun 23, 2020	37.8	47.5	38.4	-9.7
May 21, 2020	38.4	36	41.9	2.4
Apr 23, 2020	43.7	42	44.8	1.7
Mar 24, 2020	44.8	43.7	47.8	1.1
Feb 21, 2020	47.6	49	48.8	-1.4
Jan 24, 2020	49.3	48.7	48.4	0.6
Dec 16, 2019	48.8	48.4	48.9	0.4
Nov 22, 2019	48.6	48.7	48.4	-0.1
Oct 24, 2019	48.5	48.8	48.9	-0.3
Sep 24, 2019	48.9	49	49.3	-0.1
Aug 22, 2019	49.5	49.5	49.4
Jul 24, 2019	49.6	49.7	49.3	-0.1