FOREX TradingCharts.com

Financial News: Japan Service Sector Moves Back Into Contraction

Japan Service Sector Moves Back Into Contraction

01/06/2020 - 22:01:00 (RTTNews)

(RTTNews) - The Japan service sector moved back into contraction at the end of the year, wiping out the minor recovery seen in November, survey data from IHS Markit showed Tuesday.

The Jibun Bank services Purchasing Managers' Index fell to 49.4 in December from 50.3 in November. A score below 50 indicates contraction.

This was the second contraction in services output over the last three months and also the strongest fall in over three years, subsequently rounding off the worst quarterly economic performance since the third quarter of 2016.

In the service sector, new business gains were reported but underlying demand conditions slowed from the first half of the year, leading businesses to reduce their output charges and begin reducing backlogs.

Nonetheless, employment growth was maintained and output expectations remained in firm positive territory.

Further, business sentiment remained positive although the degree of optimism slipped from November's five-month high.

The Jibun Bank composite output index came in at 48.6 in December, down from 49.8 in November, signaling the sharpest contraction in private sector business activity for over five-and-a-half years.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. New Home Sales Unexpectedly Edge Lower In December (44 min(s), 14 sec(s) ago)
(RTTNews) - New home sales unexpectedly showed a modest decrease in the month of December, accordi ...Full Story»

Bank Of England Set To Hold Rates On Improving Economic Activity (01 hr(s), 34 min(s), 14 sec(s) ago)
(RTTNews) - The Bank of England is likely to keep its monetary policy rates unchanged this week af ...Full Story»

Singapore Economy To Be Impacted By Wuhan Coronavirus Outbreak, Minister Says (02 hr(s), 23 min(s), 14 sec(s) ago)
(RTTNews) - The coronavirus outbreak in the Chinese city of Wuhan is set to impact the Singapore e ...Full Story»

German Business Confidence Weakens Unexpectedly (03 hr(s), 46 min(s), 14 sec(s) ago)
(RTTNews) - German business sentiment deteriorated unexpectedly at the start of the year, reflecti ...Full Story»

Poland Jobless Rate Rises Further (05 hr(s), 20 min(s), 14 sec(s) ago)
(RTTNews) - Poland's jobless rate rose for the second straight month in December, data from St ...Full Story»

German Jan Ifo Business Confidence Weakens In January (06 hr(s), 38 min(s), 14 sec(s) ago)
(RTTNews) - German business confidence weakened in January, reports said citing survey data from t ...Full Story»

Denmark Retail Sales Fall In December (07 hr(s), 48 min(s), 14 sec(s) ago)
(RTTNews) - Denmark's retail sales fell in December after rising in the preceding month, figur ...Full Story»

Turkey Manufacturing Capacity Utilization Falls In January (07 hr(s), 54 min(s), 14 sec(s) ago)
(RTTNews) - Turkey's manufacturing capacity utilization decreased in January, figures from the ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. New Home Sales Unexpectedly Edge Lower In December

01/27/2020 - 10:19 AM (RTTNews)
(RTTNews) - New home sales unexpectedly showed a modest decrease in the month of December, accordi ...Full Story>>

Bank Of England Set To Hold Rates On Improving Economic Activity

01/27/2020 - 09:29 AM (RTTNews)
(RTTNews) - The Bank of England is likely to keep its monetary policy rates unchanged this week af ...Full Story>>

Singapore Economy To Be Impacted By Wuhan Coronavirus Outbreak, Minister Says

01/27/2020 - 08:40 AM (RTTNews)
(RTTNews) - The coronavirus outbreak in the Chinese city of Wuhan is set to impact the Singapore e ...Full Story>>

German Business Confidence Weakens Unexpectedly

01/27/2020 - 07:17 AM (RTTNews)
(RTTNews) - German business sentiment deteriorated unexpectedly at the start of the year, reflecti ...Full Story>>

Poland Jobless Rate Rises Further

01/27/2020 - 05:43 AM (RTTNews)
(RTTNews) - Poland's jobless rate rose for the second straight month in December, data from St ...Full Story>>
Copyright © 2020. 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.