May 2, 2017 9:30 am JST

Japan services PMI slows to 52.2 in April

TOKYO -- The Nikkei Japan Services Purchasing Managers' Index, or PMI, fell to 52.2 in April from 52.9 in March.

A reading above 50 indicates economic expansion, while one below 50 points toward a contraction.

"April's survey data indicated a slightly softer rate of service sector expansion, although with manufacturers indicating faster growth over the month, overall economic output is rising at a similar pace to that seen over the first three months of the year," said Paul Smith, senior economist at IHS Markit, which compiles the survey.

"However, a slightly softer trend in new business suggests that Q2 overall may not be quite as strong as the first quarter, but with jobs being created and confidence in the future sustained, the fundamentals for ongoing expansion remain in place," the economist added.

(Nikkei)

See more information online:

http://www.markiteconomics.com/Survey/Page.mvc/PressReleases

Get Insights on Asia In Your Inbox

To read the full story, Subscribe or Log in

Get your first month for $0.99

Redeemable only through the Subscribe button below

Once subscribed, you can…

  • Read all stories with unlimited access (5 articles per month without subscription)
  • Use our smartphone and tablet apps

To read the full story, Subscribe or Log in

3 months for $9
SUBSCRIBE TODAY

Take advantage of this limited offer.
Subscribe now to get unlimited access to all articles.

To read the full story, Update your account

We could not renew your subscription.
You need to update your payment information.

To read the full story, Subscribe or Log in

Once subscribed, you can…

  • Read all stories with unlimited access (5 articles per month without subscription)
  • Use our smartphone and tablet apps

To read the full story, Subscribe or Log in

3 months for $9
SUBSCRIBE TODAY

Take advantage of this limited offer.
Subscribe now to get unlimited access to all articles.

To read the full story, Update your account

We could not renew your subscription.
You need to update your payment information.