Japan service activity shrinks on softer sales, confidence slips further, PMI shows

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TOKYO : Japan's service activity contracted in October on weaker sales, with business confidence slipping to the lowest level since March 2022 on concerns over shortage of labour, a private survey showed on Wednesday.

The final au Jibun Bank Service purchasing managers' index (PMI) dropped to 49.

FILE PHOTO: People are reflected on a wall as they cross a road at Tokyo's business district, Japan, February 22, 2016.

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Category: EconomyBusiness

Markets: SingaporeJapan

Topics: Time Labour September Fourth Survey Sector Business Service Japan October Index

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 08:33:42 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 441 words

Reading Time: 3 minutes read

Sentences: 18 lines

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Copyright Owner: © Channel News Asia

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