Japan's service sector grew in September, but business confidence hit a 20-month low.

Japan's service sector grew for the third month in September, with the au Jibun Bank Service PMI falling to 53.1 from 53.7 in August, still above the critical 50.0 mark. While new business growth remained solid, business confidence hit a 20-month low. The overall composite PMI also declined to 52.0, reflecting challenges in the manufacturing sector, particularly due to weak demand from China.

October 03, 2024
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