Wire flash
Japan's September Services PMI Preliminary Falls to 51.6, Expansion Slows
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The flash or preliminary reading of Japan's Services Purchasing Managers' Index (PMI) for September came in at 51.6, according to data from financial information provider Jin10. This marks a decline from the final reading of 52.5 recorded in the previous month. A PMI reading above 50 indicates expansion in the sector, while a reading below 50 signals contraction. The September flash estimate of 51.6 suggests that Japan's services sector continues to grow, albeit at a slower pace compared to August. The data provides an early indication of economic activity in the services industry, which is a key component of Japan's overall economy.
Source report
The preliminary Japan Services Purchasing Managers' Index (PMI) for September came in at 51.6, down from the previous reading of 52.5 in August.
Source
金十数据Neutral / independent