FOREX TradingCharts.com

Financial News: Japan Private Sector Growth Improves In July

Japan Private Sector Growth Improves In July

07/23/2019 - 23:05:00 (RTTNews)

(RTTNews) - Japan's private sector activity growth improved in July driven by the service sector, flash survey data from IHS Markit showed Wednesday.

The Jibun Bank flash composite output index rose to 51.2 in July from 50.8 in June. A reading above 50 indicates expansion in the sector.

Composite 'flash' data for Japan show a moderate improvement in private business output in July, with consumption of services supporting the economy, as it has done in the year-to-date, Joe Hayes, an economist at IHS Markit, said.

Overall private sector output expanded at the fastest pace in seven months on the back of faster growth in services activity.

The services Purchasing Managers' Index climbed to 52.3 from 51.9 a month ago. The score was the joint-highest since October 2018.

Although the manufacturing PMI rose to 49.6 from 49.3 in June, the score suggested contraction. The factory PMI has remained below the neutral 50 for the third consecutive month.

Hayes said heightened frictions between Japan and South Korea added downside risk to the manufacturing supply chain in Japan, creating additional slack that services may once again have to compensate for.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


European Economics Preview: UK Public Sector Finance Data Due (01 hr(s), 19 min(s), 42 sec(s) ago)
(RTTNews) - Public sector finance data from the UK is due on Wednesday, headlining a light day for ...Full Story»

RBNZ's Hawkesby Says 50 Bps Rate Cut Reduce Probability Of Unconventional Tools (13 min(s), 18 sec(s) ago)
(RTTNews) - A decisive rate cut in August has reduced the need for unconventional tools, Reserve B ...Full Story»

Australia's Leading Index Signals Around Trend Growth: Westpac (48 min(s), 18 sec(s) ago)
(RTTNews) - Australia's leading index moved above trend since November last year, signaling th ...Full Story»

New Zealand Credit Card Spending Data Due On Wednesday (23 min(s), 18 sec(s) ago)
(RTTNews) - New Zealand will on Wednesday release July figures for credit card spending, highlight ...Full Story»

UK Supermarket Sales Struggling To Grow - Kantar (52 min(s), 18 sec(s) ago)
(RTTNews) - UK grocery sales were flat year-on-year in the twelve weeks to August 11, suggesting t ...Full Story»

Hong Kong Inflation Steady In July (33 min(s), 18 sec(s) ago)
(RTTNews) - Hong Kong's consumer price inflation remained unchanged in July, data from the Cen ...Full Story»

Portugal Producer Prices Fall Further (35 min(s), 18 sec(s) ago)
(RTTNews) - Portugal producer prices declined further in July, figures from Statistics Portugal sh ...Full Story»

Poland Average Gross Wages Rise Less Than Expected (31 min(s), 18 sec(s) ago)
(RTTNews) - Poland's average gross wages rose at a less-than-expected rate in July, figures fr ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

European Economics Preview: UK Public Sector Finance Data Due

08/21/2019 - 00:19 AM (RTTNews)
(RTTNews) - Public sector finance data from the UK is due on Wednesday, headlining a light day for ...Full Story>>

RBNZ's Hawkesby Says 50 Bps Rate Cut Reduce Probability Of Unconventional Tools

08/20/2019 - 23:52 PM (RTTNews)
(RTTNews) - A decisive rate cut in August has reduced the need for unconventional tools, Reserve B ...Full Story>>

Australia's Leading Index Signals Around Trend Growth: Westpac

08/20/2019 - 23:27 PM (RTTNews)
(RTTNews) - Australia's leading index moved above trend since November last year, signaling th ...Full Story>>

New Zealand Credit Card Spending Data Due On Wednesday

08/20/2019 - 18:02 PM (RTTNews)
(RTTNews) - New Zealand will on Wednesday release July figures for credit card spending, highlight ...Full Story>>

UK Supermarket Sales Struggling To Grow - Kantar

08/20/2019 - 09:31 AM (RTTNews)
(RTTNews) - UK grocery sales were flat year-on-year in the twelve weeks to August 11, suggesting t ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.