Key Points
Japan's factory activity extended declines and service sector growth eased in February, surveys showed on Thursday, suggesting business conditions were worsening as the economy struggles to emerge from recession.P)..
The flash au Jibun Bank Japan manufacturing purchasing managers' index (PMI) fell to 47.2 in February from 48.0 in January..
"The Japanese private sector economy saw the slight improvement at the start of the year all but evaporate during February, as business activity broadly stagnated," said Usamah Bhatti at S&P Global Market Intelligence..
The au Jibun Bank flash Japan composite PMI, which combines both manufacturing and service sector activity, eased to 50.3 in February from 51.5 in January..
The Reuters Tankan survey published on Wednesday found Japanese manufacturers' business morale soured sharply in February with pessimists outnumbering optimists for the first time in 10 months, adding to concerns about further economic declines..
You might be interested in
Japan's Feb factory activity extends declines as conditions worsen - PMI
22, Feb, 24Japan's factory activity extended declines and service sector growth eased in February, surveys showed on Thursday, suggesting business conditions were worsening as the economy struggles to emerge from recession.
Japan service activity posts slowest growth this year - PMI
06, Nov, 23The final au Jibun Bank Service purchasing managers' index (PMI) fell to 51.6 in October from 53.8 in September, beset by weak demand.
Services sector activity in India hits one-year low in November on slower order growth, output: PMI
05, Dec, 23The seasonally adjusted S&P Global India Services Business Activity Index fell from 58.4 in October to a one-year low of 56.9 in November. Despite witnessing a month-on-month decline, the rate of expansion was stronger than its long-run average.
Services PMI falls to 58.4 in October from 61.0 in September: S&P Global India
03, Nov, 23October data highlighted the second-fastest upturn in international orders placed with Indian services companies since the series started in September 2014.
China’s stubborn manufacturing slump drags down rest of Asia
03, Jul, 23A lot of Asia's manufacturing sector had strong hopes for China's post-pandemic rebound, but ended up to see a weaker trade with it.
Dollar eases in thin Black Friday trading on bets rates have peaked
24, Nov, 23By Joice Alves and Ankur Banerjee LONDON/SINGAPORE (Reuters) - The dollar slipped on Friday as investors bet U.S. interest rates have peaked, while the yen edged higher after Japan's core consumer
India's services growth defies inflation pressures but falls to 61.2 in May from 62 in April
07, Jun, 23The services sector accounts for more than 50% of India's GDP. Asia's third-largest economy expanded 6.1% in the March quarter, one of the fastest-growing emerging markets.
India's services growth at three-month high in December on buoyant demand -PMI
05, Jan, 24India Business News: India's services sector ended 2023 on a firm footing, with activity expanding at its fastest pace in three months in December on buoyant demand and an
India’s manufacturing PMI rises to 31-month high in May, boosts job growth
01, Jun, 23India's manufacturing PMI expansion has provided a major boost to the country's economic growth over the past few quarters and has also led to faster job creation.
Charting the global economy: Inflation picks up in US, Tokyo
29, Oct, 23South Korea sees growth in exports after a year. Private sector activity in Europe kicked off in the year's final quarter.