Japan Services PMI Improves To 46.3 In February – Jibun

0 27

The services sector in Japan continued to contract in February, albeit at a slower pace, the latest survey from Jibun Bank revealed on Wednesday with a services PMI score of 46.3.

That’s up from 46.1 in January, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.

Individually, output and new orders contracted, although employment levels rose for the first time in a year.

Business optimism hit its highest mark since 2018 as firms cited hopes that the pandemic would recede and trigger a broad recovery in demand from the domestic and foreign markets.

The survey also showed that the composite index rose from 47.1 to 48.2 in February.

The material has been provided by InstaForex Company – www.instaforex.com

Leave A Reply

Your email address will not be published.