Japan January services PMI 53.0
prior 50.9flash was 52.7grew for the third consecutive monthComposite PMI 51.1 in January
Japan's service sector grew, driven by strong Asian demand for exports, according to the Jibun Bank Service PMI.
Growth in the service sector helped support Japan's overall private sector, with businesses optimistic about future prospects due to expected recoveries in manufacturing and the broader economy. New business increased for the seventh month in a row, supported by new clients and store openings. Export demand also rebounded, with new export business reaching its highest level since August.
Employment rose for the 16th straight month, while rising wages and higher fuel and raw material costs pushed input prices up. As a result, companies raised prices to offset these costs, marking the highest price increases since last May.
Earlier:
Japan Manufacturing PMI January (final) 48.7 (prior 49.6) This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( Japan January services PMI 53.0 (prior 50.9) )
Also on site :
- 21-year-old Baloch student becomes another victim of extrajudicial killing by Pakistani forces
- Gold miners killed in pit collapse in war-torn Sudan
- This Week on 'Beyond the Gates' Welcome to Fairmont Crest