Japan Services PMI Slows To 51.0 … RTT
Japan Services PMI Slows To 51.0 In May – Nikkei
The services sector in Japan continued to expand in May, albeit at a slower pace, the latest survey from Nikkei showed on Tuesday with a services PMI score of 51.0.
That’s down from 52.5 in April, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.
Individually, backlogs of work fell amid new order growth slowdown – although firms continued to expand workforce numbers.
Output price inflation eased despite a quicker rise in costs.
Nikkei also said that Japan’s composite PMI fell to 51.7 in May from 53.1 in April.
by RTTNews Staff Writer