Japan Services PMI Climbs to 51.8 in June as Stronger Demand Revives Growth
Updated
Updated · TradingView · Jun 22
Japan Services PMI Climbs to 51.8 in June as Stronger Demand Revives Growth
2 articles · Updated · TradingView · Jun 22
Summary
Japan’s flash services PMI rose to 51.8 in June from 50.0 in May, returning the sector to expansion after a month of stagnation.
Stronger demand and firmer new business drove the pickup, while rising workloads lifted backlogs and prompted service firms to add staff.
Foreign sales still lagged, with companies reporting a marked decline in export business even as domestic activity improved.
Elevated costs kept feeding through to higher prices, and business optimism softened on worries about inflation, labor shortages and Middle East-linked supply-chain disruption.