Japan Services Activity Expands for Fifth Month
Japan service sector activity grew modestly in October for the fifth straight month. New orders increased while cost pressures eased further, though business confidence declined.
Insights:
Japan's service sector expanded for a fifth consecutive month in October as activity and new orders rose slightly, with the final PMI edging up to 51.7. The reading marked a slower pace than the flash estimate of 52.0, though it remained above the 50-mark separating growth from contraction. Investors are weighing whether moderating price pressures will influence upcoming monetary policy decisions.
