• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

Japan’s Aug service sector activity shrinks at fastest pace since May 2020 – PMI

September 3, 2021 by David Barret Leave a Comment

September 3, 2021

TOKYO (Reuters) – Japan’s services sector activity contracted at the fastest pace in over a year in August as a resurgence of COVID-19 cases dealt a blow to the world’s third-largest economy’s recovery.

Activity and new business inflows shrank at the fastest pace since May last year, with businesses hit by a resurgence of COVID-19 infections and expanded emergency curbs.

The final au Jibun Bank Japan Services Purchasing Managers’ Index (PMI) plummeted to a seasonally adjusted 42.9 from July’s 47.4, worse than a 43.5 flash figure.

“Japanese service sector businesses signalled an accelerated deterioration in business conditions in August,” said Usamah Bhatti, economist at IHS Markit, which compiles the survey.

“The resurgence of COVID-19 infections due to the Delta variant also led to a steeper reduction in incoming business.”

A surge in Delta infections forced Japan’s government to expand state of emergency curbs to more prefectures in August, hurting activity even as many defied orders not to go out and to avoid crowded places.

The reading marked the 19th month that services activity came in below the 50.0 threshold that separates contraction from expansion, the longest such streak since a 27-month run through March 2010.

The final au Jibun Bank Flash Japan Composite PMI, which is calculated using both manufacturing and services, dropped to a one-year low of 45.5 from July’s final of 48.8.

“Confidence about the outlook for private sector activity remained strong in August, although the risks are skewed to the downside,” Bhatti said.

(Reporting by Daniel Leussink; Editing by Sam Holmes)

Source Link Japan’s Aug service sector activity shrinks at fastest pace since May 2020 – PMI

David Barret
David Barret

Related posts:

  1. MLB roundup: Dodgers take over NL West lead
  2. China develops prototype miniature helicopter for Mars missions
  3. U.S. second-quarter productivity revised lower
  4. Seeking re-election, Czech PM pledges to keep migrants, Brussels at bay

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • Are Space-Made Medicines The Future? Find Out More In Issue 38 Of CURIOUS – Out Now
  • An Alien-Like Fish With A See-Through Head And Green Eyes Lurks In The Ocean’s Dark Depths
  • Africa Wants To Change Misleading World Map, The “Wow!” Signal Was Likely From An Extraterrestrial Source, And Much More This Week
  • A “Good Death”: How Do Doctors Want To Die?
  • People Are Throwing Baby Puffins Off Cliffs In Iceland Again – But Why?
  • Yet Another Ancient Human Skull Turns Out To Be Denisovan
  • Gen Z Might Not Be On Course For A Midlife Crisis – Good News, Right? Wrong
  • Glowing Plants, Punk Ankylosaur, And Has The Wow! Signal Been Solved?
  • Pulsar Fleeing A Supernova Spotted Where Neither Of Them Should Be
  • 20 Years After Hurricane Katrina: Is It Time For A New Approach To Hurricane Classification?
  • Dog Named Scribble Replicates Quantum Factorization Records – So We Tried It Too
  • How Old Is The Solar System? (And How Can We Tell?)
  • Next Week, A Record-Breaking Over 7 Billion People Will See The Total Lunar Eclipse
  • The Goblin Shark Has The Fastest Jaws In The Ocean, Firing Like A Slingshot At Speeds Of 3.1-Meters-Per-Second
  • We Thought Geological Boundaries Were Random. Now, A New Study Has Identified Hidden Patterns
  • Do Fish Sleep?
  • The Biblical Flood Myth That Inspired Noah’s Ark Had A Sinister Twist
  • Massive Review Of 19 Autism Therapies Finds No Strong Evidence And Lack Of Safety Data
  • Giant City-Swallowing Cracks In Earth’s Surface Are A “New Geo-Hydrological Hazard”
  • Three Incredible Telescopes Looked At The Butterfly Nebula To Learn Where Earth Came From
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version