by Alimat Aliyeva
Japan’s service sector continued to expand in October, with the
S&P Global Japan Services PMI staying above the neutral 50
mark, despite a softer increase in new orders, according to the
latest report, Azernews reports, citing foreign
media.
The headline figure registered 53.1 in October, slightly down
from 53.3 in September. Meanwhile, the S&P Global Japan
Composite PMI Output Index rose modestly from 51.3 to 51.5 over the
same period.
“The service sector continued to drive overall growth in Japan’s
private sector in October, offsetting another decline in factory
output. Employment also saw further gains. However, price pressures
have intensified across both sectors and will be important to
monitor in the coming months,” said Annabel Fiddes, Economics
Associate Director at S&P Global Market Intelligence.
The resilience of Japan’s service sector highlights a shift in
the economy toward domestic consumption and services, even as
manufacturing struggles with global supply chain disruptions.
Analysts note that how businesses manage rising prices could
shape Japan’s economic trajectory heading into 2026.
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AloJapan.com