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4 Feb 2015
Japan: Activity growth sustained at moderate pace
FXStreet (Bali) - The headline seasonally adjusted Markit Business
Activity Index in Japan posted at 51.3 in January, slightly
down from 51.7 in December, with Markit noting that the service sector activity growth was sustained at moderate pace at start of 2015.
Amy Brownbill, Economist at Markit, which compiles the survey, said: “Service sector activity growth remained positive at the start of 2015, with business activity rising at a sustained rate supported by a return to new business growth. Pressure on capacity was evident, however, with the accumulation of unfinished work returning alongside the recovery in new orders. Meanwhile, the effects of the weaker currency were still being felt, with input prices rising. However, the rate of inflation slowed to the weakest in just under a year-and-a-half”.
Activity Index in Japan posted at 51.3 in January, slightly
down from 51.7 in December, with Markit noting that the service sector activity growth was sustained at moderate pace at start of 2015.
Amy Brownbill, Economist at Markit, which compiles the survey, said: “Service sector activity growth remained positive at the start of 2015, with business activity rising at a sustained rate supported by a return to new business growth. Pressure on capacity was evident, however, with the accumulation of unfinished work returning alongside the recovery in new orders. Meanwhile, the effects of the weaker currency were still being felt, with input prices rising. However, the rate of inflation slowed to the weakest in just under a year-and-a-half”.