Services PMI 52.3 vs. prior 51.6

  • and Composite 50.7 vs. 50.9 prior

Japanese services sector activity expanded, with new business growing at its fastest pace in almost six years

Services PMI

  • now above 50 for the 29th successive month
  • sub index of new business increased to 54.5 from 52.1 in January, reaching its highest since May 2013

Composite PMI

  • lower on the manufacturing PMI (contracted at the fastest pace in two-and-a-half years)