Japan service activity growth hits 11-month low in April
Japan's service sector growth slowed to an 11-month low in April. Rising costs and uncertainty pushed business optimism to its lowest level since August 2020.
Xurve View
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Xurve View
Japan service sector activity grew at its slowest pace in 11 months as the PMI fell to 51.0 in April. The reading dropped from 53.4 in March, marking the weakest expansion for the sector since May 2024. Rising input costs and geopolitical uncertainty are cooling business sentiment, potentially weighing on broader economic recovery.
