Japan's services sector extends growth in October despite demand slowdown, PMI shows
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TOKYO :Japan's services sector extended its robust growth in October, despite the slowest growth in new orders in 16 months and a resurgence in inflationary pressures, a private-sector survey showed on Thursday. The S&P Global final Japan Services Purchasing Managers' Index (PMI) slipped slightly to 53.1 in October from 53.3 in September, maintaining a seventh consecutive month above the 50.0 mark, which separates growth from contraction. The October reading overshot the flash figure of 52.4.
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