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Japan Services PMI Back to Expansion

Monday, August 4, 2014 23:09
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breaking-news-130px7Econintersect:  The Japanese economy continues to struggle with the burden of the increase of 3% in the consumption tax effective 01 April.  But the results of the struggle are continuing to  show continuing slow improvement.  After being slammed to a value of 46 in April by the onslaught of effects from the tax hike, the Service Sector PMI rose for the fourth consecutive month and entered expansion for the first time since March with a reading of 50.4. This was up from June’s 49.0.

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