FX.co ★ Japan Composite PMI Revised Higher

In January 2026, Japan's S&P Global Composite PMI climbed to 53.1, surpassing the preliminary estimate of 52.8 and improving from December's reading of 51.1. This latest figure highlights the private sector's 11th consecutive month of expansion, marking its most robust growth since May 2023. The increase was fueled by an enhanced uptick in services activity and a revived growth in manufacturing output. New orders grew at their swiftest pace since May 2024, indicative of widespread demand for both goods and services. Export orders resumed growth for the first time since the previous March, achieving their highest rate in over four years. Companies continued to bolster their workforce significantly in response to accumulating order backlogs. Although overall cost pressures have diminished, the rate of selling price inflation surged to its highest level in over a year and a half.