Japan Jibun bank Services PMI for July 2025 53.6, expanded at its fastest pace in five months
- flash 53.5, prior 51.7
- improvement was driven by strong domestic demand, which more than offset a sharp drop in export orders and weaker tourist numbers
- new domestic business orders grew at the quickest pace in three months
- export orders declined for the first time since December, falling at the fastest rate in over three years
- survey attributed the weak tourist demand partly to earthquake concerns in July.
- Employment in services was flat, ending a 21-month streak of job growth, with firms citing labour shortages and tight budgets as barriers to hiring.
- Price pressures eased, with input cost inflation at a 17-month low and output prices rising at the slowest pace in nine months.
Composite PMI, combining manufacturing and services, ticked up slightly to 51.6, the highest since February
- manufacturing slipped back into contraction, making services the main growth driver
This article was written by Eamonn Sheridan at investinglive.com.
