empty
 
 

2020.06.0300:56:00UTC+00Japan Services PMI Ticks Higher In May - Jibun Bank

Services sector activity in Japan continued to contract in May, albeit at a slower rate, the latest survey from Jibun Bank revealed on Wednesday with a PMI score of 26.5.

That's up from 21.5 in April, although it remains well beneath the boom-or-bust line of 50 that separates expansion from contraction.

Individually, output continued to drop at record levels due to Covid-19 closings.

Demands for Japanese services continued to fall sharply, while employment fell at its sharpest rate since February 2010.

Also, the composite index improved to 27.8 in May - up from the record low 25.8 in April.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback