Japan's services activity drops in March - Breaking The News

Japan's services activity drops in March

24 March

1 min read

EPA-EFE/KIMIMASA MAYAMA

Japan's service sector dropped below the neutral 50 mark in March, according to a preliminary report released by S&P Global on Monday.

The au Jibun Bank Flash Japan Services Business Activity Index fell from a six-month high of 53.7 in February to 49.5 in March, marking a decline in the sector. Meanwhile, the composite PMI reduced from February's 52.0 to 48.5.

"Underlying data showed that this was partly due to a fresh fall in service sector activity ... Growth of new business slowed notably at services companies," Annabel Fiddes, Economics Associate Director at S&P Global Market Intelligence, said.

data services pmi

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