S&P Global Japan July composite PMI 51.6

S&P Global Japan July composite PMI 51.6

The S&P Global Japan Composite PMI [1] for July 2025 remained unchanged at 51.6, indicating that the overall economic activity in Japan maintained a stable level. This figure is derived from the Manufacturing PMI and Services PMI, providing a comprehensive view of the country's economic health.

The Manufacturing PMI [2] for Japan in July slipped back into decline, recording a score of 48.8. This downturn suggests a weakening in the manufacturing sector, with new orders and employment both decreasing. However, the Services PMI [3] showed a positive trend, with business activity expanding for the third consecutive month. This resilience in the service sector helped offset the decline in manufacturing, keeping the overall Composite PMI steady.

The global economic indicators also provide context for Japan's performance. The United States Composite PMI [4] hit a 7-month high of 54.6, driven by accelerating growth due to rising demand for services. Meanwhile, the Eurozone Composite PMI [5] reached an 11-month high of 51.0, signaling an improvement in the outlook for the region.

Despite the stability in the Japanese Composite PMI, the overall global manufacturing PMI [6] saw a decline, with the global manufacturing PMI for July falling to 49.7. This trend was mirrored in several key economies, including the United States, where the Manufacturing PMI [7] dropped to 49.5, the lowest in 7 months.

The S&P Global Japan Composite PMI's stability in July underscores the resilience of the Japanese economy, particularly in the service sector. However, the ongoing challenges in the manufacturing sector warrant close monitoring as the global economic landscape continues to evolve.

References:
[1] https://www.pmi.spglobal.com/
[2] https://www.pmi.spglobal.com/
[3] https://www.pmi.spglobal.com/
[4] https://www.pmi.spglobal.com/
[5] https://www.pmi.spglobal.com/
[6] https://www.pmi.spglobal.com/
[7] https://www.pmi.spglobal.com/