Japan's services activity expands in October - Breaking The News
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Japan's services activity expands in October

Economy
Christian Baha / NL

1 min read

EPA/ROBERT GILHOOLY

Japan's service sector performance improved in October, with the main figure landing above the neutral 50, marking overall growth, according to a preliminary report released by S&P Global on Tuesday.

The seasonally adjusted figure showed the Jibun Bank Japan Services Business Activity Index at 51.1 which is a softer expansion in the sector compared to last month's figure of 53.8.

The report stated that services activity remained in expansion "but grew at the weakest pace in the year-to-date amid reports of worsening economic conditions in October."

dataservicespmi
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