Japan Jibun / S&P Global Services PMI for June 54.2 (prior 55.9)
<p>Japan Jibun/ S&P Global Services PMI for June 2023 comes in at a slower 54.2, still solidly in expansion:</p><ul><li>preliminary 54.2</li><li> prior 55.9</li></ul><p>Composite PMI is 52.1:</p><ul><li>preliminary 54.2
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prior 55.9</li></ul><p><a href="https://www.forexlive.com/news/japan-jibun-june-preliminary-manufacturing-pmi-498-prior-506-20230623/" target="_blank" rel="follow">Japan flash PMIs for June 2023 are here.</a></p><p>From the commentary in the report, in (very) brief:</p><ul><li>demand conditions remained positive during June</li><li>PMI data indicated expansions in both business activity and new business that were among the highest in the series history despite easing since May</li><li>expansion in demand contributed to the second-steepest rise in outstanding workloads on record</li><li>cost burdens increased at the slowest rate in 15 months</li></ul>
This article was written by Eamonn Sheridan at www.forexlive.com.
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