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2026-11-05 09:23:31
[Japan's October Services PMI Final Reading Revised Down to 51.7, Expanding for Five Consecutive Months] (1) S&P Global announced that, after seasonal adjustment, Japan's October S&P Services PMI final reading rose to 51.7 from the previous reading of 51.3, expanding for five consecutive months, but lower than the market's expected initial reading of 52. (2) Japan's new orders grew for the 28th consecutive month in October, with the growth rate accelerating compared to September, driven by strong domestic demand, an increase in new customers, and business expansion; foreign demand remained weak, but the decline in new export orders narrowed to the lowest level since April. (3) Cost pressures eased further during the period, and input price inflation slowed for the fourth consecutive month to an eight-month low. (4) Japan's October S&P Composite PMI final reading fell to 52.1 from the previous reading of 52.3, expanding for 19 consecutive months, but the growth rate was the slowest since May and lower than the market's expected initial reading of 52.3.
