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Japan Services PMI

The Japanese Services Purchasing Manager’s Index (PMI) tracks data from 400 companies in order to extract an indication of the performance level of the Japanese service sector, by taking into account data inputs like sales, employment offers, inventory prices and other. All else equal, an index reading above 50 indicates economic expansion whereas in the opposite scenario indicates economic contraction. The index is published monthly by Markit Economics.

 Japan Services PMI

In June 2017, the Japanese Services PMI reached 53.3 points versus 53 points in May, representing an increase of 0.57%. Historically since 2014, the index reached a high above 55 in 2014 and a low of 46 during the same year.