Japan services sector returns to modest growth in November – PMI - News Daily

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Tuesday, December 3, 2019

Japan services sector returns to modest growth in November – PMI

TOKYO (Reuters) - Japan's services sector returned to growth in November after shrinking for the first time in three years in the previous month, though the overall momentum was unconvincing in an economy teetering on the brink of contraction. The final seasonally adjusted Jibun Bank Japan Services Purchasing Managers' Index (PMI) edged up to 50.3 in November from 49.7 in October due to a modest improvement in new business and business expectations. It was above the 50 mark that separates expansion from contraction, though it was still just off the 50.4 preliminary reading for last month

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