FX.co ★ Japan Composite PMI Confirmed at 3-Month High

In November 2025, Japan's S&P Global Composite PMI maintained its position at 52.0, consistent with preliminary estimates and indicating the strongest performance since August. This marked the eighth straight month of growth in the private sector, driven by increased activity in services coupled with a slower reduction in manufacturing output. Employment saw its most significant growth in five months, despite a persistent decline in total new orders due to weaker factory sales. Demand from overseas for both goods and services continued to diminish. Input costs surged at the fastest rate seen in six months, with output prices also experiencing a solid increase. Business confidence reached its highest point since January.