Japan's services activity rises further in January - Breaking The News

Japan's services activity rises further in January

5 February

1 min read

EPA-EFE/KIMIMASA MAYAMA

Japan's service sector activity expanded in January, with the main figure landing above the neutral 50, signaling growth in the sector, according to data released by S&P Global on Monday.

The seasonally adjusted figure showed the Jibun Bank Japan Services Business Activity Index landing at 53.1 in January, rising from 51.5 in December, displaying the sharpest activity growth since September 2023. The Composite Output Index landed at 51.5 in January, rising from 50.0 in December.

"Private sector firms noted optimism regarding future activity, as the level of outstanding business stabilized after six successive monthly declines, showing signs of increasing capacity pressures in the Japanese private sector economy. Moreover, the overall degree of positive sentiment regarding the 12-month outlook for activity strengthened to the highest since last June," the report stated.

data services pmi

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