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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
JapanJapan S&P Global Services PMI climbed to 52 Points in September 2026
FMPMonthlyReleased October 2026
Japan S&P Global Services PMI climbed to 52 Points in September 2026, released October 2026, up 0.7 Points from August's 51.3 Points reading. The reading matched the 51.3 Points consensus.
Latest Release
52.000000
Actual
51.300000
Consensus
51.300000
Previous
Median Absolute Error
±0.82
across last 12 releases
Last Call
Oct 2026
Predicted: 51.19
Actual: 52
Error: -0.81
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 |
|---|---|---|---|---|---|
| Hang Seng | ▲ Direct | +0.48 | INDEX | Moves with | → View |
| S&P 500 | ▼ Inverse | −0.38 | INDEX | Moves against | → View |
| AUD/JPY | ▼ Inverse | −0.29 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
S&P Global Services PMI (Japan) was reported at 52.00 Points in September 2026. This beat the market consensus of 51.30 Points by 0.70 Points. The reading rose from the previous value of 51.30 Points. Over the past 12 months, the indicator has averaged 52.22 Points, ranging from 50.00 Points to 53.80 Points across 18 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 51.63 Points, down from the prior three at 52.00 Points. In October readings over the past 3 years, S&P Global Services PMI has averaged 52.20 Points.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with Hang Seng (Bullish Hang Seng). A secondary relationship exists with S&P 500, negatively correlated (Bearish S&P 500). Over the last 12 releases, the Sigmacast model's median absolute error is 0.82 Points.
WHAT TO WATCH NEXT
The next release is scheduled for November 24, 2026. Same-country events in the next 14 days include CFTC JPY speculative net positions (Oct 30) and Retail Sales YoY (Oct 30).
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
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S&P Global Services PMI - JP
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About S&P Global Services PMI — Japan
DEFINITION
The S&P Global Services PMI is a widely recognized financial indicator that measures the performance of the global services sector. It provides valuable insights into the health and growth of the services industry, which accounts for a significant portion of the global economy. This indicator is based on a monthly survey of purchasing managers in key service sectors, providing timely and reliable data on business activity, new orders, employment, and prices. The S&P Global Services PMI is a crucial tool for investors, businesses, and policymakers in making informed decisions and assessing the overall economic outlook.
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 (Oct 2026): actual 52 Points, consensus 51.3 Points. Prior reading (Sep 2026): 51.3 Points. Before that (Sep 2026): 51.6 Points.
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 bullish 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 Hang Seng (Bullish Hang Seng, r=0.48) — a useful reference for index-focused traders.
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Economic Calendar - JP Events
| Thursday, October 29, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 05:00 | JP | Consumer Confidence | 35 | 35.4 | 35.1 | 35.05 | High |
| 23:30 | JP | Jobs/applications ratio | 1.19 | 1.18 | 1.18 | 1.19 | Low |
| 23:30 | JP | Unemployment Rate | 2.4 | 2.5 | 2.5 | 2.45 | Medium |
| 23:30 | JP | Tokyo CPI Ex Food and Energy YoY | 2.6 | 2.9 | 2.7 | 2.65 | Low |
| 23:30 | JP | Tokyo CPI YoY | 2.8 | 2.7 | 3.3 | 3.05 | Low |
| 23:30 | JP | Tokyo Core CPI YoY | 2.6 | 2.7 | 2.6 | 2.60 | Low |
| 23:50 | JP | Industrial Production YoY | 1.9 | 2.7 | 3.1 | 2.50 | Low |
| 23:50 | JP | Retail Sales MoM | -0.7 | -0.9 | 0.6 | -0.05 | Low |
| 23:50 | JP | Retail Sales YoY | 2.3 | 2.9 | 3.3 | 2.80 | Medium |
| Friday, October 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 03:00 | JP | BoJ Interest Rate Decision | 1.25 | 1.25 | 1.25 | 1.25 | High |
| 05:00 | JP | Housing Starts YoY | -2.7 | 6.1 | 2.9 | 2.95 | Medium |
| 05:00 | JP | Construction Orders YoY | -11.1 | -3.6 | -3 | -2.70 | Low |