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Financial News: Japan Services PMI Falls To 52.0 In March

Japan Services PMI Falls To 52.0 In March - Nikkei

04/02/2019 - 20:42:00 (RTTNews)

(RTTNews) - The services sector in Japan continued to expand in March, albeit at a slightly lower pace, the latest survey from Nikkei revealed on Wednesday with a services PMI score of 52.0.

That's down from 52.3 in February, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, increased demand encouraged further job creation, but business confidence sank to an 18-month low.

Also, the composite index fell to a 30-month low reading of 50.4 in March, down from 50.7 in the previous month.

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