Japan S&P Global Services PMI Final for October 2025 53.1
- flash was 52.4
- prior was 53.3
Composite 51.5
- flash was 50.9
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Japan’s services sector continued to expand in October, marking a seventh straight month of growth, though momentum slowed as new business orders weakened and inflation pressures returned, according to the latest S&P Global survey.
- The final Japan Services Purchasing Managers’ Index (PMI) signalling solid activity despite softer demand
- New orders grew at their slowest pace in 16 months, while foreign demand fell for a fourth consecutive month, albeit at a slower rate.
- Price pressures intensified as input and output costs rose more quickly, driven by higher expenses for labour, raw materials, food, and fuel.
- Business confidence also eased from September’s eight-month high, with firms citing labour shortages and subdued demand. Employment continued to rise but at a slower rate.
The composite PMI, which combines manufacturing and services data, inched up, steady service-sector growth helped offset a deeper decline in factory output.
Earlier:
