Japan February Services PMI (final) 54.0 vs prior 52.3

The flash reading can be found here.

Japan Jibun February Services PMI (final) 54.0, its highest in 8 months

• vs preliminary 53.6, prior 52.3

Composite 51.1

• preliminary and prior both 50.7

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Comments from the report:

• Japanese services economy signalled that demand conditions had improved at a stronger rate during February
• expansions in both new business and business activity were the strongest since the summer of 2022
• Japanese private sector firms remained strongly optimistic that activity would continue to expand over the coming 12 months as the persistent weights of the pandemic and inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term on the economy showed sustained signals of easing