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05.07.2022 07:31:59

Japan Service Sector Expands Most Since 2013

(RTTNews) - Japan's service sector expanded at the sharpest pace in more than eight years in June amid the lifting of remaining domestic COVID-19 restrictions, survey results from S&P Global showed on Tuesday.

The au Jibun Bank services Purchasing Managers' Index advanced to 54.0 in June from 52.6 in May. The index signaled the fastest growth since October 2013.

There was a second successive monthly expansion in new business. The rate of growth remained strong amid improved client confidence.

Service providers registered a fresh record rise in average cost burdens due to steep increases in raw material and fuel costs. The rise in input prices contributed to a steeper growth in prices charged for services, which advanced the most since October 2019.

Employment levels grew for the fifth straight month in June as firms prepared for a sustained recovery in demand. Confidence among service providers was the second-strongest on record.

The au Jibun Bank composite output index, which measures combined output in the manufacturing and services sectors, rose to 53.0 in June from 52.3 in May. The score suggested the fastest expansion in the private sector in seven months.


INFLATION: WELTWEIT STEIGEN DIE PREISE

Viele Anleger setzen deshalb auf den Aktiv verwalteten Global Inflation Protection Basket. Informieren Sie sich über die breit gestreute Auswahl an robusten Aktien & ETFs.

Devisen in diesem Artikel

GBP/JPY 160.7151 -1.2188
-0.75

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