ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • Survey
  • videos
  • photos
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • Residential demand upbeat despite construction cost, interest rate rise; brokerage picks DLF, Oberoi Realty among top 4 bets
  • Copper Set to Post Worst Quarterly Performance in Over 2 Years
  • Maruti Suzuki Brezza 2022: Launch today! Check key highlights; live streaming link here
  • Nothing Phone 1 confirmed to come with Snapdragon 778G+ SoC on July 12 - Know more
  • Ratnamani Metals bonus share: Stock jumps 15%, hits 52-week high ahead of record date
Read in App
Business News » World News

Japan April services PMI slips as new business growth slows

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App

Activity in Japan`s services sector expanded at a slightly slower pace in April than the previous month as growth in new business slowed, a business survey showed on Wednesday.

The Markit/Nikkei Japan Services Purchasing Managers` Index (PMI) edged lower to a seasonally adjusted 51.8 in April from 52.0 in March.

The index stayed above the 50 threshold that separates contraction from expansion for the 31th straight month.

"Domestic demand is holding up, currently supporting activity and keeping the year-ahead outlook well anchored," said Joe Hayes, economist at IHS Markit, which compiles the survey.

"Nevertheless, manufacturing woes continued, which have kept the composite PMI at a subdued level which is indicative of quarterly GDP growth of about 0.2 percent."

The subindex measuring new business decreased to 52.8 from 53.8 in March. New export business also swung to contraction for the first time in three months.

The composite PMI, which includes both manufacturing and services, nudged higher to 50.8 from 50.4 in the previous month, because manufacturing activity expanded in April for the first time in three months as companies hired more workers and grew more optimistic about the business outlook.

The United States and China appear to be making progress in hammering out a deal to end the months-long trade dispute, but analysts caution it is unlikely to end Washington`s more protectionist stance.

Japan is exposed to the dispute as it ships big volumes of electronics items and heavy machinery to China which are used to make finished goods destined for the United States.

Washington is also pressing Tokyo for a new trade deal to reduce its large trade deficit with Japan, and in particular is urging Japanese automakers to build more vehicles in the United States.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
Updated: Wed, May 08, 2019
06:26 am
Reuters
RELATED NEWS
Retail inflation for industrial workers rises to 6.97% in May Retail inflation for industrial workers rises to 6.97% in May
GST Council Meeting: Full details of goods and services, where rates hiked or slashed GST Council Meeting: Full details of goods and services, where rates hiked or slashed
HDFC NIMs to be under pressure for a quarter: Parekh HDFC NIMs to be under pressure for a quarter: Parekh
Andhra Pradesh, Gujarat, Haryana, Karnataka, Punjab, Tamil Nadu and Telangana are the Top Achievers in BRAP 2020  Andhra Pradesh, Gujarat, Haryana, Karnataka, Punjab, Tamil Nadu and Telangana are the Top Achievers in BRAP 2020
PM Modi inaugurates 'Raising & Accelerating MSME Performance' scheme PM Modi inaugurates 'Raising & Accelerating MSME Performance' scheme

LATEST NEWS

Indian Bank raises MCLR rates by 0.15 pc across tenors

Copper Set to Post Worst Quarterly Performance in Over 2 Years

Retail inflation for industrial workers rises to 6.97% in May

Garmin Forerunner 955 Solar, Forerunner 255 series smartwatches launched in India - Check price & availability

Stocks to buy today: MTAR Tech, Apollo Tyres, Minda Industries and Bharti Airtel among list of 20 stocks for profitable trade on June 30

Monsoon session of Parliament to begin on July 18; to end on August 12

Andhra Pradesh, Gujarat, Haryana, Karnataka, Punjab, Tamil Nadu and Telangana are the Top Achievers in BRAP 2020

Dalal Street Corner: Market ends flat even as FII selling nears exhaustion; what should investors do on Friday?

Oppo Reno 8 series India launch soon; teaser released - All you need to know

Residential demand upbeat despite rise in construction cost, interest rate, says brokerage; picks DLF, Oberoi Realty among top 4 bets

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV