Financial News: Japan Service Sector Swings To Expansion In November

Japan Service Sector Swings To Expansion In November - Jibun

12/03/2024 - 19:41:00 (RTTNews)

(RTTNews) - The services sector in Japan moved back into expansion territory in November, the latest survey from Jibun Bank revealed on Tuesday with a service PMI score of 50.5.

That's up from 49.7 in October, and it moves back above the boom-or-bust line of 50 that separates expansion from contraction.

Japanese service providers registered a modest rise in new business volumes in the penultimate month of 2024. The uptick was above the long-run average but unchanged from that seen in the prior month and the joint-softest in the current five-month sequence. Firms signaled stronger confidence and business expansions had boosted order books.

In contrast, foreign demand for Japanese services contracted for the second month running, though the contraction was only fractional. Japanese services companies recorded a sustained improvement in employment levels during November.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Fed's Beige Book Says U.S. Economic Activity Rose Slightly (09 min(s), 34 sec(s) ago)
(RTTNews) - Economic activity rose slightly in most Federal Reserve districts, according to the ce ...Full Story»

ECB's Lagarde Says Eurozone Outlook Uncertain Amid Downside Risks (01 hr(s), 27 min(s), 34 sec(s) ago)
(RTTNews) - Euro area medium term economic outlook is uncertain, and growth is set to remain weak ...Full Story»

U.S. Crude Oil Inventories Tumble Much More Than Expected (03 hr(s), 31 min(s), 34 sec(s) ago)
(RTTNews) - Crude oil inventories in the U.S. fell by much more than expected in the week ended No ...Full Story»

U.S. Factory Orders Rise In Line With Estimates In October (03 hr(s), 43 min(s), 34 sec(s) ago)
(RTTNews) - The Commerce Department released a report on Wednesday showing a modest increase by ne ...Full Story»

U.S. Service Sector Growth Slows More Than Expected In November (04 hr(s), 02 min(s), 34 sec(s) ago)
(RTTNews) - A report released by the Institute for Supply Management on Wednesday showed U.S. serv ...Full Story»

U.S. Private Sector Job Growth Falls Modestly Short Of Estimates In November (04 hr(s), 34 min(s), 34 sec(s) ago)
(RTTNews) - A report released by payroll processor ADP on Wednesday showed private sector employme ...Full Story»

Brazil Services Growth Eases In November (04 hr(s), 52 min(s), 34 sec(s) ago)
(RTTNews) - Brazil's service sector continued to expand in November, though the pace of growth ...Full Story»

Austrian Economy Remains In Recession (05 hr(s), 52 min(s), 34 sec(s) ago)
(RTTNews) - Austria's economy continued to contract in the third quarter, and more than initi ...Full Story»