Japan's service sector performance stood in line with market expectations in August despite rising to a three-month high, according to a report released by S&P Global on Tuesday.
The seasonally adjusted figure showed the Jibun Bank Japan Services Business Activity Index at 54.3. The figure landed above the neutral 50, further increasing from last month's 53.8.
"Measured overall, new business volumes at private sector companies increased for the seventh successive month and at a quicker pace than that seen in July. Growth was once again driven by the services economy as goods producers recorded a decline in new orders for the third consecutive month," the report stated.
