报告显示，日本10月服务业PMI从9月的53.1降至49.7。尽管该指数略高于前期预计的49.3，但仍处于收缩区间。信息与通信行业出现强烈收缩，房地产和商业服务、运输与仓储也出现下滑。①In October, Japan's services PMI fell to 49.7, the first time since June this year that it was below the critical value of 50. ②Business activities stagnate, and the optimism in Japan's services industry is at its lowest in 31 months.
Financial Union Agency news on November 6 (Editor Qin Jiahe) According to the latest report released by S&P Global on Wednesday, affected by the weak market, Japan's services sector purchasing managers' index (PMI) fell to 49.7 in October, the first time the index has been below 50.0 since June this year.
From the sub-indicators, due to the stagnation of local business activities, industry optimism has dropped to the lowest level in 31 months.
The report shows that Japan's October services PMI fell from 53.1 in September to 49.7. Although the index is slightly higher than the previous estimate of 49.3, it is still in the contraction range. The information and communication industry experienced a sharp contraction, while real estate, business services, transportation, and warehousing also declined.
"The strong performance of Japan's service sector came to a sudden halt in the early fourth quarter," said Usamah Bhatti, economist at S&P Global, with soft sales being the reason for the industry's contraction.
Surveys show that new business inflows in Japan slowed in October, overseas demand contracted for the first time since July, international markets demand for Japan's service sector weakened, and business activities stagnated. Although the outlook for Japan's service sector economic activities in the next year remains positive, industry optimism has fallen to the lowest point in two and a half years.
The report also pointed out that companies mentioned that labor and raw material costs continue to rise, while service industry business fee increases are similar to September, with no significant acceleration. With cost increases and inflationary pressure resulting from the depreciation of the yen, Japanese companies' profitability will face continued challenges.
Japan's comprehensive PMI for October (including manufacturing and services) fell from 52.0 in September to 49.6, hitting a new low since November last year.
Labor shortages, rising costs, and weak external demand will pose more challenges to the Japanese economy in the short term.
Japan's GDP for the third quarter will be announced on November 15, and is expected to slow down significantly due to weak consumption and capital expenditure. The market will further focus on the recovery of the Japanese economy.
Editor/ping
