November 29, 2022

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Jibun Bank/Markit Services 46.5 and Composite 48.8 PMIs (final) for May

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Final readings for last month: 

Services 46.5, 16th consecutive month in contraction
Composite 48.8

 The ‘key findings’ from the report … not encouraging but probably unsurprising in the midst of prolonged states of emergencies in many regions of Japan:

  • Quicker contractions in output and new business 
  • Employment rises at softest pace since February 
  • Business optimism weakens to four-month low

Released at the same time was the Hong Kong May PMI:


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