Japan Services PMI Falls To 49.7 In October - Jibun
(RTTNews) - The services sector in Japan fell into contraction territory in October, the latest survey from Jibun Bank revealed on Wednesday with a services PMI of 49.7.
That's down from 53.1 in September, and it falls beneath the boom-or-bust line of 50 that separates expansion from contraction.
Business activity fell for the first time in four months, while new business inflows slowed, owed in part to a renewed and moderate contraction in exports. Outstanding business contracted for the second time in three months.
The stagnation in activity weighed on the 12-month outlook, as optimism dropped to a 31-month low. Input cost inflation strengthened, but charges rose at a broadly similar pace to the previous month, placing pressure on profitability.
Japan Manufacturing PMI Slips To 49.0 In November - Jibun
Japan Consumer Prices Rise 2.3% On Year In October
Japan Has Y461.2 Billion Trade Shortfall
BoJ Chief Says Future Rate Decisions Will Be Data Dependent
Japan Core Machine Orders Slip 0.7% In September
Japan GDP Adds 0.2% On Quarter In Q3
Japan Producer Prices Rise 0.2% In October
