In March, Japan's service sector expanded at its fastest pace in seven months, driven by strong inbound tourism demand.
Japan's service sector activity expanded at its fastest pace in seven months in March, driven by strong demand, particularly for inbound tourism. This supports the country's recent economic growth, offsetting the drag in manufacturing caused by weak global demand. The final au Jibun Bank Service Purchasing Managers' Index (PMI) increased to 54.1 in March from 52.9 in February, marking the 19th consecutive month of increase.
April 03, 2024
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