Japan Service Sector Growth Slows
Japan service sector growth slowed in September as business activity and new orders expanded at a weaker pace and earthquake disruptions dampened demand. The final PMI eased to 51.3 from a five-month high.
Japan's service sector growth slowed in September to 51.3 from 52.5 in August, hitting a five-month low due to earthquake disruptions. The final Services PMI reading missed the flash estimate of 51.6, though it remained above the 50-mark separating expansion from contraction. The slowdown signals a softer economic pace as the third quarter ended, raising questions about domestic demand momentum.
