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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
JapanJapan Nikkei Markit Services PMI climbed to 53.7 in August 2015
FMPMonthlyReleased September 2015
Japan Nikkei Markit Services PMI climbed to 53.7 in August 2015, released September 2015, up 2.5 from July's 51.2 reading.
Latest Release
53.700000
Actual
—
Consensus
51.200000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| USD/JPY | ▼ Inverse | −0.50 | FOREX | Moves against | → View |
| EUR/JPY | ▼ Inverse | −0.45 | FOREX | Moves against | → View |
| Nikkei 225 | ▲ Direct | +0.45 | INDEX | Moves with | → View |
| GBP/JPY | ▼ Inverse | −0.40 | FOREX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Nikkei Markit Services PMI (Japan) was reported at 53.70 in September 2015. The reading rose from the previous value of 51.20. This is classified as a medium-impact indicator released on a monthly basis.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/JPY (Bullish JPY). A secondary relationship exists with EUR/JPY, negatively correlated (Bullish JPY).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Exports YoY (Sep 15) and Balance of Trade (Sep 15).
Auto-generated from current model state · Refreshes on each release · Last update September 2015.
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Nikkei Markit Services PMI - JP
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About Nikkei Markit Services PMI — Japan
DEFINITION
The Nikkei Markit Services PMI is a widely recognized financial indicator that measures the performance of the services sector in Japan. It provides valuable insights into the country's economic health by tracking changes in business activity, new orders, employment, and prices. This data is collected through surveys of purchasing managers in various industries, making it a reliable and timely indicator of economic trends. Investors, policymakers, and businesses alike rely on the Nikkei Markit Services PMI to make informed decisions and stay ahead of market developments in Japan.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Sep 2015): actual 53.7. Prior reading (Aug 2015): 51.2. Before that (Jul 2015): 51.8.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print. Current dynamics are the primary headwind in the projection. This indicator correlates most strongly with USD/JPY (Bullish JPY, r=-0.50) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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Economic Calendar - JP Events
| Monday, September 14, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 04:30 | JP | Capacity Utilization | 0.5 | 4.1 | -1.3 | -0.40 | Low |
| 04:30 | JP | Industrial Production MoM | -0.2 | 1.9 | 0.1 | -0.05 | Low |
| 04:30 | JP | Industrial Production YoY | 3.9 | 4.9 | 4.1 | 4.00 | Low |
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 04:30 | JP | Tertiary Industry Index MoM | -0.2 | 0.3 | 0.30 | Low | |
| 23:50 | JP | Exports YoY | 23.2 | 18.2 | 18.60 | Medium | |
| 23:50 | JP | Balance of Trade | -634.5 | -1052.6 | -959.65 | High | |
| 23:50 | JP | Imports YoY | 27.8 | 26.3 | 26.15 | Low | |
| 23:50 | JP | Machinery Orders MoM | 9.7 | -2.8 | 1.10 | Medium | |
| 23:50 | JP | Machinery Orders YoY | 16.9 | 15.3 | 18.45 | Medium | |
| 23:50 | JP | Adjusted Trade Balance | -0.69 | -0.98 | -0.92 | Medium | |