Japan Services PMI Shows Growth in February Driven by Domestic Demand

Tuesday, 5 March 2024, 07:03

The au Jibun Bank Japan Services PMI for February 2024 was revised higher to 52.9, indicating expansion in the services sector primarily due to strong domestic demand. While foreign demand remained stagnant, the increase in the index reflects a positive trend despite global economic challenges. This marks the 18th consecutive month of growth in the Japanese services industry, underscoring resilience in the domestic market.
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Japan Services PMI Shows Growth in February Driven by Domestic Demand

Japan Services PMI Revised Higher in February

The au Jibun Bank Japan Services PMI for February 2024 was revised upwards to 52.9 from 52.5. This improvement was mainly attributed to domestic demand, while foreign demand remained stagnant. The latest data indicates a positive trend in the Japanese services sector, reflecting resilience despite global challenges.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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