Japan’s service sector lost momentum sharply in May as rising costs linked to the Middle East conflict weighed on business activity and household spending. PMI Services (final) fell from 51.0 to 50.0, indicating stagnation after more than a year of continuous expansion. PMI Composite eased from 52.2 to 51.1. The figures suggest the strong growth […]
The post Japan’s PMI Services Stagnates While Cost Pressures Surge appeared first on ActionForex.
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