The Nikkei Services PMI in Japan rose to 52.3 in December of 2016 from 51.8 in November. It was the third straight month of growth and the highest reading since January 2016, as new orders went up at the fastest pace in nearly 1-1/2-year while employment levels stabilised following a six-month period of job shedding. Pressure on capacity started to build and volumes of unfinished business rose for the first time in six months. Meanwhile, input prices rose at a solid rate and were little-changed from November’s 23-month peak and business expectations eased to five-month low, due to greater fuel and raw material costs. Services Pmi in Japan averaged 50.86 Index Points from 2013 until 2016, reaching an all time high of 55.30 Index Points in October of 2013 and a record low of 46.40 Index Points in April of 2014. Services Pmi in Japan is reported by Markit Economics. The Japan Services PMI (Purchasing Managers’ Index) is based on data collected from a representative panel of over 400 private service sector companies based in Japan. The index tracks variables such as sales, employment, inventories and prices. A reading above 50 indicates that the services sector is generally expanding; below 50 indicates that it is generally declining. This page provides the latest reported value for – Japan Services PMI – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
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