Mumbai, Feb. 4 -- The services sector in Japan continued to expand in January, and at a faster pace, the latest survey from S&P Global revealed on Wednesday with a services PMI score of 53.7.
That's up from 51.6 in December and beat last month's flash estimate of 53.4. It also moves further above the boom-or-bust line of 50 that separates expansion from contraction.
Japanese services companies signaled an increase in business activity for the tenth month in a row in January. Furthermore, the respective seasonally adjusted index climbed from 51.6 in December to 53.7, to signal a solid rate of growth that was the most pronounced since last February. Underlying data split by sub-industry suggested that Finance & Insurance firms continued to ...