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Financial News: Japan Services PMI Slips To 51.9 In January

Japan Services PMI Slips To 51.9 In January - Nikkei

02/02/2017 - 20:07:00 (RTTNews)

(RTTNews) - The services sector in Japan continued to expand in January, although at a slower pace, the latest survey from Nikkei showed on Friday with a PMI score of 51.9.

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

Individually, output increased at a robust pace, while new orders expanded at the same rate as December's 17-month high.

Cost inflationary pressures accelerated to a 28-month high.

The composite PMI came in at 52.3, down from 52.8 in December.

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