JEQ - Japan services PMI revised slightly lower at 53.8 in July
2023-08-03 01:42:35 ET
-
The au Jibun Bank Japan Services PMI was at 53.8 in July 2023, compared with a flash print of 53.9 and a final 54.0 in June, marking the 11th straight month of growth in the services sector, the latest result was the lowest since January, as new orders grew the least in six months while employment fell after rising in the prior five months.
-
The au Jibun Bank Japan Composite PMI was at 52.2 in July 2023, compared with preliminary data and a final 52.1 in the prior month, represents seventh straight month of expansion in private sector activity, mainly underpinned by a solid expansion in the services sector.
-
However, the inflow of new business slowed sharply from that in June.
-
Meantime, factory activity remained subdued, as both output and new orders declined further, with the rate of reduction in new orders quickening.
-
Now read: Japan manufacturing PMI revised higher to 49.6 in July
For further details see:
Japan services PMI revised slightly lower at 53.8 in July