Japan service activity shrinks on softer sales, confidence slips further

By Reuters

Nov 07, 2024 12:09 am

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 a shortage of labor, a private survey showed on Wednesday.

The final au Jibun Bank Service purchasing managers' index (PMI) dropped to 49.7 in October from 53.1 in September, according to an index publisher S&P Global Intelligence.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Chinese firms take on EV truck challenges

Foreign-born CEO says Japan needs immigration

China's CNOOC sells US assets to INEOS

US panel split on Nippon-US Steel deal

Mango clothing chain founder dies in accident

Founder of Spain's Mango clothing chain dies in accident

Court denies TikTok's request to halt enforcement of potential US ban until Supreme Court review