FOREX TradingCharts.com

Financial News: Japan's Service Sector Continues To Shrink In October

Japan's Service Sector Continues To Shrink In October

11/05/2020 - 01:41:00 (RTTNews)

(RTTNews) - Japan's service sector continued to contract in October but the pace of decline eased amid a relaxation of Covid-19 restrictions, final data from IHS Markit showed Thursday.

The au Jibun Bank services Purchasing Managers' Index rose to a nine-month high of 47.7 in October from 46.9 in September. The flash reading was 46.6.

Although output remained in contraction territory, the latest decline was the softest in the current sequence of contraction.

The survey showed that the downturn in new orders softened. Following seven consecutive months of job losses, employment levels stabilized. On the price front, the survey revealed a marginal fall in average cost burdens for the third month in a row. At the same time, the service sector reported lower selling prices for the eighth consecutive month.

Companies were increasingly optimistic that a sustained recovery would prevail over the coming 12 months, pushing expectations to the highest level in close to three years.

The composite output index that combines manufacturing and services sectors, advanced to 48.0 in October from 46.6 in September. This was also the highest reading in nine months. The flash score was 46.7.

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


India GDP Contraction Slows, Economy Enters Recession (09 hr(s), 39 min(s), 15 sec(s) ago)
(RTTNews) - India's economic contraction slowed sharply in the September quarter, but the econ ...Full Story»

Finland Q3 Growth Revised Up (10 hr(s), 36 min(s), 15 sec(s) ago)
(RTTNews) - Finland's economy exited recession in the third quarter and expanded at a faster t ...Full Story»

India Enters Recession In Sep Qtr (12 hr(s), 51 min(s), 15 sec(s) ago)
(RTTNews) - India's economy entered a recession in the September quarter though the pace of co ...Full Story»

Taiwan Raises 2020 Growth Forecast (13 hr(s), 15 min(s), 15 sec(s) ago)
(RTTNews) - Taiwan upgraded its growth outlook for this year as higher overseas demand for technol ...Full Story»

Italy Producer Prices, Consumer Confidence Falls (13 hr(s), 23 min(s), 15 sec(s) ago)
(RTTNews) - Italy's consumer confidence weakened in November and producer prices continued to ...Full Story»

Spain Retail Sales Fall Further In October (13 hr(s), 22 min(s), 15 sec(s) ago)
(RTTNews) - Spain retail sales declined further in October, albeit at a softer pace, data released ...Full Story»

Iceland Inflation Slows In November (13 hr(s), 27 min(s), 15 sec(s) ago)
(RTTNews) - Iceland's consumer price inflation eased in November after rising in the previous ...Full Story»

France Consumer Prices Rise In November (13 hr(s), 31 min(s), 15 sec(s) ago)
(RTTNews) - French consumer prices rose in November, flash data from the statistical office Insee ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

India GDP Contraction Slows, Economy Enters Recession

11/27/2020 - 11:08 AM (RTTNews)
(RTTNews) - India's economic contraction slowed sharply in the September quarter, but the econ ...Full Story>>

Finland Q3 Growth Revised Up

11/27/2020 - 10:11 AM (RTTNews)
(RTTNews) - Finland's economy exited recession in the third quarter and expanded at a faster t ...Full Story>>

India Enters Recession In Sep Qtr

11/27/2020 - 07:56 AM (RTTNews)
(RTTNews) - India's economy entered a recession in the September quarter though the pace of co ...Full Story>>

Taiwan Raises 2020 Growth Forecast

11/27/2020 - 07:32 AM (RTTNews)
(RTTNews) - Taiwan upgraded its growth outlook for this year as higher overseas demand for technol ...Full Story>>

Spain Retail Sales Fall Further In October

11/27/2020 - 07:25 AM (RTTNews)
(RTTNews) - Spain retail sales declined further in October, albeit at a softer pace, data released ...Full Story>>

Do not sell my personal information

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.