Financial News: Japan Service S PMI Ticks Higher In February

Japan Service S PMI Ticks Higher In February - S&P Global

03/03/2026 - 19:35:00 (RTTNews)

(RTTNews) - The services sector in Japan continued to expand in February, and at a faster pace, the latest survey from S&P Global revealed on Wednesday with a services PMI score of 53.8.

That's up from 53.7 in January, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

Helping to lift business activity higher across Japan's service sector was a sustained upturn in overall new business. Notably, the rate of new order growth was the most pronounced since April 2024. Firms often commented that an improvement in demand conditions and new client wins had pushed up sales. Underlying data suggested the upturn was largely driven by stronger domestic demand, as new work from abroad rose at a weaker and only marginal rate.

The survey also showed that the composite index improved to 53.9 in February from 53.1 in January.

Underlying data showed that a further solid gain in service sector activity was accompanied by a notably quicker rise in factory output. Composite new orders also expanded at the strongest rate in 33 months, with both manufacturers and service providers seeing solid rates of sales growth. Overall new export business meanwhile rose at the fastest pace in eight years, largely due to an improvement in external demand for manufactured goods.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Australia GDP Climbs 0.8% In Q4 (01 hr(s), 10 min(s), 41 sec(s) ago)
(RTTNews) - Australia's gross domestic product expanded a seasonally adjusted 0.8 percent on q ...Full Story»

Singapore Private Sector Picks Up Steam In February - S&P Global (01 hr(s), 15 min(s), 41 sec(s) ago)
(RTTNews) - The private sector in Singapore continued to expand in February, and at a faster pace, ...Full Story»

Hong Kong Private Sector Accelerates In February - S&P Global (01 hr(s), 16 min(s), 41 sec(s) ago)
(RTTNews) - The private sector in Hong Kong continued to expand in February, and at a faster pace, ...Full Story»

Japan Service S PMI Ticks Higher In February - S&P Global (01 hr(s), 19 min(s), 41 sec(s) ago)
(RTTNews) - The services sector in Japan continued to expand in February, and at a faster pace, th ...Full Story»

South Korea Industrial Output Sinks 1.7% In January (02 hr(s), 44 min(s), 41 sec(s) ago)
(RTTNews) - Industrial production in South Korea was down a seasonally adjusted 1.7 percent on mon ...Full Story»

Australia GDP Data Due On Wednesday (03 hr(s), 23 min(s), 41 sec(s) ago)
(RTTNews) - Australia will on Wednesday release Q4 numbers for gross domestic product, highlightin ...Full Story»

Australia Service Sector Ebbs In February - S&P Global (03 hr(s), 40 min(s), 41 sec(s) ago)
(RTTNews) - The services sector in Australia continued to expand in February, albeit at a slower p ...Full Story»

Brazil GDP Grows 0.1% Q4 (12 hr(s), 12 min(s), 41 sec(s) ago)
(RTTNews) - The Brazilian economy expanded slightly as expected in the final quarter, according to ...Full Story»