Japan's Services PMI Dips To 51, Job Creation Rate Is Highest In Almost 4 Years

chartJapan Services PMI

Photo: Markit

Japan’s services PMI fell to 51 in April from 53.7 in March.From Markit:

Japanese service providers recorded another month of activity growth during April, although the rate of expansion eased since March. New business continued to rise at a solid rate, which in turn contributed to a first increase in services employment since July 2008. A positive outlook for activity also encouraged firms to add to their employee numbers, with data signalling the highest degree of optimism in the one-year outlook in 34 months. Meanwhile, input cost inflation accelerated amid reports of high oil prices, but this was insufficient to prevent another fall in charges.

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