标准普尔全球日本服务业采购经理人指数在2025年8月为53.1，高于52.7的初步估计，但低于7月份的53.6。这标志着服务业连续第五个月增长，主要得益于2月以来新订单的最快增长。与此同时，外国需求进一步减弱，新出口业务以三年多来的最快速度下降。人员配备水平也面临压力，在7月份停滞不前后略有下降，这是自2023年9月以来的首次下降，尽管积压的工作以两年多来最快的速度增加。在价格方面，投入成本通胀从7月份的17个月低点反弹，但竞争压力抑制了企业的定价能力，产出费用以2024年10月以来最疲软的速度增长。尽管如此，在计划扩张和国内外需求增强的预期的推动下，商业信心从7月份的三个月低点有所改善。

The S&P Global Japan Services PMI stood at 53.1 in August 2025, above the flash estimate of 52.7 but down from July’s 53.6. It signaled the fifth straight month of growth in the services sector, mainly supported by the fastest rise in new orders since February. Meanwhile, foreign demand weakened further, with new export business falling at the steepest rate in over three years. Staffing levels also came under pressure, slipping slightly after stagnating in July and marking the first decline since September 2023, even as backlogs rose at the quickest pace in more than two years. On prices, input cost inflation rebounded from July’s 17-month low, but competitive pressures curbed firms’ pricing power, with output charges growing at the softest pace since October 2024. Still, business confidence improved from July’s three-month low, buoyed by planned expansions and expectations of stronger demand at home and abroad.