Today at 7:13 AM | Other

Japan's service sector business activity increased in April

Japan's service sector business activity increased in April

Following a period of stagnation in the previous month, Japan's service sector rebounded in April. However, the country's factory production continued to weaken.

The Services Purchasing Managers' Index (PMI) increased to 52.4 in April, up from March's neutral reading of 50.0.

As reported by S&P Global Market Intelligence, the recovery in Japan's service sector compensated for the poor results in manufacturing observed last month, resulting in an overall growth in the nation’s private sector output. The composite PMI rose to 51.2 in April, crossing the critical threshold of 50 for the first time in two months, compared to 48.9 in March.

Despite the uptick in activity, confidence among service providers in Japan diminished for the third month in a row. In April, the index dropped to its lowest since January 2021. Reuters notes that this reflects a general concern among Japanese firms regarding the potential effects of US import duties on the global economy.

Elena Dorohina MarketCheese
Period: 14.05.2025 Expectation: 1650 pips
Technical and fundamental background supports AUDCAD
Today at 11:58 AM 24
Elena_Dorokhina
Elena_Dorokhina

Listed among the best MarketCheese authors
1st in the segment "Currencies"
Period: 08.05.2025 Expectation: 550 pips
EURUSD to drop to 1.13000
Today at 10:37 AM 19
Period: 13.05.2025 Expectation: 240 pips
Brent crude price rebound to continue up to 65
Today at 09:44 AM 23
Period: 14.05.2025 Expectation: 1000 pips
Buying GBPUSD amid trade talks and weaker dollar with target at 1.344
Today at 08:41 AM 11
Period: 12.05.2025 Expectation: 1500 pips
USDJPY rebound fades ahead of Fed meeting
Yesterday at 10:52 AM 52
Period: 30.05.2025 Expectation: 975 pips
Natural gas maintains upside potential within megaphone pattern
Yesterday at 09:19 AM 58
Go to forecasts