Official: S&P Global Market Intelligence: S&P Global Japan Services PMI
New orders increased for a 28th straight month
Chronology
Japan services activity expands for fifth month: PMI
New orders increased for a 28th straight month
Reporting
- Japan services activity expands for fifth month: PMI
New orders increased for a 28th straight month
- Japan services PMI edges up to 51.7, but composite slips to five-month low as hiring slows
The data offer something for both sides of the BoJ debate: historically sharp cost pressures support further tightening, while slowing hiring and weaker confidence give the cautious camp ammunition. On balance, the release is unlikely to shift December pricing materially, leaving the yen more sensitive to the BoJ minutes and oil-driven inflation signals. Firms citing inflation as a drag on confidence underlines how energy costs from the Middle East are feeding into Japanese business sentiment. Weak export orders point to limited support from overseas demand. -- Earlier: BoJ minutes: board backed further hikes, flagged 50% oil surge as government urged caution -- Japan’s service providers are still growing and still paying up, but they’re hiring less and feeling gloomier about it. Summary: The services PMI rose to 51.7 in October from 51.3, a fifth month of expansion, driven by domestic d
- S&P Global Japan Services PMI
First-party purchasing managers' index release from S&P Global.
Earlier on MacroDigest
- S&P Global Japan Services PMI
- Japan factory PMI slips to 53.3, a seven-month low, as cost pressures pick up
- Japan’s October factory growth slows as costs pick up: PMI
- S&P Global Japan Services PMI
- Japan service sector activity slows from 5-month high, PMI shows
- Japan service sector activity slows from 5-month high, PMI shows
- Japan’s factory activity growth slows in September, PMI shows
- Japan’s factory activity growth slows in September, PMI shows
- Japan revises Q2 GDP up to annualised 1.4% expansion
- Japan revises Q2 GDP up to annualised 1.4% expansion
- Japan revises Q2 GDP up to annualised 1.4% expansion
- Japan's Q2 GDP growth slows to 1.1% as Iran war weighs on investment, consumer spending
- Japan's Q2 GDP growth slows to 1.1% as Iran war weighs on investment, consumer spending
- Japan's Q2 GDP growth slows to 1.1% as Iran war weighs on investment, consumer spending
- Japan's Q2 GDP growth slows to 1.1% as Iran war weighs on investment, consumer spending
- Japan second-quarter GDP grows 1.1% on an annualized basis, missing expectations