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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
JapanJapan S&P Global Composite PMI fell to 51.1 in May 2026
FMPMonthlyReleased June 2026
Japan S&P Global Composite PMI fell to 51.1 in May 2026, released June 2026, down 1.1 from April's 52.2 reading. The reading matched the 51.1 consensus.
Latest Release
51.100000
Actual
51.100000
Consensus
52.200000
Previous
Median Absolute Error
±0.31
across last 12 releases
Last Call
Jun 2026
Predicted: 51.27
Actual: 51.1
Error: +0.17
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| GBP/JPY | ▲ Direct | +0.76 | FOREX | Bullish GBP | → View |
| AUD/JPY | ▲ Direct | +0.72 | FOREX | Bullish AUD | → View |
| XAU/USD | ▲ Direct | +0.65 | COMMODITIES | Bullish XAU | → View |
| EUR/JPY | ▲ Direct | +0.65 | FOREX | Bullish EUR | → View |
| Nikkei 225 | ▼ Inverse | −0.50 | INDEX | Bearish Nikkei 225 | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
S&P Global Composite PMI (Japan) was reported at 51.10 in May 2026. This matched the market consensus of 51.10 exactly. The reading fell from the previous value of 52.20. Over the past 12 months, the indicator has averaged 52.01, ranging from 51.10 to 53.90 across 13 releases.
WHY IT MATTERS
The trailing three releases averaged 51.73, down from the prior three at 53.17.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with GBP/JPY (Bullish GBP). A secondary relationship exists with AUD/JPY, positively correlated (Bullish AUD). Over the last 12 releases, the Sigmacast model's median absolute error is 0.31.
WHAT TO WATCH NEXT
The next release is scheduled for June 23, 2026. Same-country events in the next 14 days include Monetary Policy Statement (Jun 16) and BoJ Interest Rate Decision (Jun 16).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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S&P Global Composite PMI - JP
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About S&P Global Composite PMI — Japan
DEFINITION
The S&P Global Composite PMI is a widely recognized financial indicator that measures the overall economic health of a country by combining the manufacturing and services sectors. It provides valuable insights into the current state of the economy, as well as future trends, and is used by investors, policymakers, and businesses to make informed decisions. With its comprehensive and timely data, the S&P Global Composite PMI is a crucial tool for understanding the performance of the global economy.
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. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2026): actual 51.1, consensus 51.1. Prior reading (May 2026): 51.1. Before that (Apr 2026): 52.2.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with GBP/JPY (Bullish GBP, r=0.76) — a useful reference for forex-focused traders.