Japan's services growth accelerates in October - Breaking The News
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Japan's services growth accelerates in October

Economy
Christian Baha / NP

1 min read

EPA-EFE/FRANCK ROBICHON

Activity in Japan's services sector increased in October, a report by S&P Global showed.

The Jibun Bank Japan Services Business Activity Index reached 53.2, climbing from 52.2 in September. "Japan’s service sector expanded at a faster pace in October amid stronger upturns in activity and jobs. Survey respondents suggested that the latest improvement was primarily underpinned by the growth within the tourism industry and the subsequent strengthening in demand conditions," Laura Denman, an economist at S&P GLobal Market Intelligence, stated.

Meanwhile, the Jibun Bank Japan Composite PMI Output Index rose from 51 last month to 51.8 in October.

dataservicespmi
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