The services sector in Japan continued to expand in November, albeit at a slower rate, the latest survey from Nikkei revealed on Thursday with a PMI score of 51.6.
That’s down from 52.2 in October, although it remains well above the boom-or-bust line of 50 that separates expansion from contraction.
Among the individual components, new orders expanded at a slower rate, while employment fell for a second straight month – although business sentiment strengthened.
The composite PMI was steady at 52.3.
The material has been provided by InstaForex Company – www.instaforex.com