FX.co ★ Japan Composite PMI Revised Slightly Higher

In June 2025, the au Jibun Bank Japan Composite PMI was recorded at 51.5, slightly higher than the preliminary estimate of 51.4 and an increase from May's 50.2. This represents the third consecutive month of expansion in private sector activity, with the most robust growth noted since February. The improved performance is attributed to a resurgence in manufacturing, marking its first positive shift since May 2024, alongside ongoing growth in the services sector for the third month in a row. Total new orders witnessed a moderate rise for the second consecutive month, although new export sales continued their decline. Employment increased at its fastest rate in nearly a year. On the cost front, although input price inflation dropped to its lowest level in 15 months, it remains high, resulting in a more rapid increase in average output charges compared to May. Business confidence improved, bolstered by strong hiring and the introduction of new products.