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Japan service sector activity slows from 5-month high, PMI shows
The S&P Global Japan Services PMI fell to 51.3 from 52.5, while new export business dropped at the second-sharpest pace since January 2021.
- On Monday, Global reported Japan's service sector expanded at a weaker pace in September, with the Japan Services Purchasing Managers' Index easing to 51.3 from 52.5 in August.
- Manufacturing expansion reached a six-month low in September as the Global Japan Manufacturing Purchasing Managers' Index eased to 54.1 from 54.9 in August, matching flash readings.
- The broader Composite PMI fell to 52.3 in September from 53.5 in August, while The Bank's tankan survey showed Japanese manufacturers' confidence hit an eight-year high over July-September but non-manufacturers' mood soured.
- Employment increased for a 13th consecutive month and Companies reported the strongest rise in backlogs of work in seven months, while Input cost inflation eased to a six-month low.
- Manufacturers remain optimistic that output will rise over the next 12 months, with sentiment little changed from August and remaining above the long-run average.
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12 Articles
Japan service sector activity slows from 5-month high, PMI shows
·London, United Kingdom
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Japan September factory growth slows to 6-month low, PMI shows
TOKYO, Oct 1 : Japan's manufacturing sector expanded at its weakest pace in six months in September as output and new order growth slowed, a business survey showed on Thursday.• The S&P Global Japan Manufacturing Purchasing Managers' Index (PMI) eased to 54.1 in September from 54.9 in August, a survey by S&
·Singapore, Singapore
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Japan's services sector continued to grow in September, but the PMI fell from 52.5 to 51.3, below expectations. The composite PMI dropped to its lowest level since May, while the acceleration in job growth brought the Bank of Japan's interest rate path back into focus.
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Total News Sources12
Leaning Left0Leaning Right0Center3Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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