Japan's PMI shows the service sector remains solid, but with slight cracks
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最新报道：According to the Bijie.com news, on September 3 (UTC+8), S&P Global PMI data showed that Japan's service industry activity remained strong in August, but this was mainly driven by domestic demand as new export business fell again. The overall service industry business activity index declined from July, but it was still comfortably above the neutral level of 50.0, indicating that output has increased for the fifth consecutive month. Annabel Fiddes, deputy director of economics at S&P Global Market Intelligence, said that despite this, cost pressures have also increased and increased competition has limited the pricing power of companies, which indicates that profit margins have been squeezed more. Employment is also a growing concern, with the number of employees falling for the first time in nearly two years. Fiddes added that overall, service industry activity is solid and manufacturing activity is sluggish, indicating that GDP performance has been strong so far in the third quarter.
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