Final Markit/Nikkei services purchasing managers' index for Japan increases to 50.4 in May

Market news

3 June 2016

Final Markit/Nikkei services purchasing managers' index for Japan increases to 50.4 in May

The final Markit/Nikkei services Purchasing Managers' Index (PMI) for Japan increased to 50.4 in May from 49.3 in April.

A reading below 50 indicates contraction of activity.

The increase was driven by a stronger rise in new orders.

"The service sector in Japan showed signs of improving mid-way through the second quarter of 2016. Both activity and new orders rose, albeit only marginally," economist at Markit, Amy Brownbill, said.

UK’s services PMI rises to 53.5 in May

Eurozone’s retail sales are flat in April

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