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Japan Services PMI Slows To 51.0 … RTT June 05, 2018 at 05:14AM

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

 

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