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Financial News: Japan Service PMI Rises To 53.3 In August

Japan Service PMI Rises To 53.3 In August - Jibun

09/03/2019 - 20:55:00 (RTTNews)

(RTTNews) - The services sector in Japan accelerated in August, the latest survey from Jibun Bank revealed on Wednesday with a PMI score of 53.3.

That's up from 51.8 in July and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, there was a sharp rise in service sector output, although new business growth fell to a 13-month low. Business confidence remained subdued.

The survey also showed that the composite index came in at 51.9, up slightly from 51.7 in the previous month.

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