Japan Services PMI Rises to 51.7 as Composite Gauge Hits Five-Month Low
Photo: TokenPost
Japan’s services sector expanded for a fifth consecutive month in October, but a weaker composite reading showed broader private-sector growth slowed to its lowest pace since May. The final au Jibun Bank Japan Services PMI stood at 51.7 index points, up 0.4 point from September’s 51.3 but below the 52.0 flash estimate. The result extended the sector’s expansion streak to five months. PMI readings are diffusion indexes: a score above 50 signals an increase from the previous month, not a percentage growth rate. The Composite Output Index eased 0.2 point to 52.1 from 52.3, its weakest reading since May.
Source: TokenPost
