iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Economic Buzz: Japan Service Sector PMI At 50.2 In July

3 Aug 2022 , 01:07 PM

The services sector in Japan continued to expand in July, albeit at a slower pace, the latest survey from Jibun Bank revealed with a services PMI score of 50.2. Thats down from 53.0 in June, although it remains above the boom-or-bust line of 50 that separates expansion from contraction. Activity increased at the softest pace in four months and only fractionally amid a notably weaker rise in new business inflows, as firms noted that the boost received from the lifting of Omicron-related containment measures had waned. Softer demand conditions led to reduced capacity pressures, and businesses were able to reduce levels of outstanding business for the first time since April. At the same time, inflationary pressures remained elevated across the Japanese service sector. The survey also showed that the composite PMI fell to 50.3 in July from 54.0 in June.Powered by Commodity Insights

Related Tags

  • capital market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.