Japan service industry stays in contraction

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Japan’s services sector declined again in March. This was shown on Monday by figures from Markit Economics.

The Purchasing Managers Index for the services sector increased from 46.3 to 48.3 this time. The index has been at its highest level since January 2020.

It was announced last week that Japanese industry was growing at a faster pace in March. This Purchasing Managers Index rose from 51.4 to 52.7.

An index position greater than 50 indicates growth, while less than 50 means contraction.

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Nicholas de Kramer

Nicholas de Krammer, а self-taught economic analytic with heave mathematical background. Math behind the economics (and economics behind math) is the strong side of the author. Contact him at [email protected]

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