June composite PMI 49.7 vs 52.6 in May (Il Sole 24 Ore Radiocor) - London, 03 Jul - In June, Japan's purchasing managers' index (PMI) for the services sector fell to 49.4 from 53.8 in May, according to data released by S&P Global and its partner au Jibun Bank.

The final reading is below the preliminary estimate of 49.8 and ended a 21-month sequence of continuous expansion which peaked with a survey-record pace of growth back in May 2023.

The composite output index, a weighted average of services PMI and manufacturing output, slipped to 49.7 from 52.6. The preliminary reading was 50.0 for June.

A reading above 50 signals expanding sector activity and a reading below 50 a contraction.

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(RADIOCOR) 03-07-24 08:05:37 (0087) 5 NNNN