Japan Services Sector Accelerates In October - Nikkei

The services sector in Japan continued to expand in October, and at a faster rate, the latest survey from Nikkei revealed on Monday with a PMI score of 52.4.

That's up from 50.2 in September, and it moves back above the boom-or-bust line of 50 that separates expansion from contraction.

The October reading also touched a six-month index high.

Individually, there was a stronger upturn in business activity, while new business growth quickened to a five-year high.

Selling charge inflation eased despite a strong rise in costs.

The survey also said its composite index climbed to 52.5 from 50.7 a month earlier.

News are provided by InstaForex