03-June-2026
Economy News
 
Japan's Services Activity Stagnates in May as Costs Surge, PMI Shows
03-Jun-2026

Japan's services sector ground to a halt in May after more than a year of expansion, as surging costs linked to the Middle East war dampened service demand and led to a 12-year high in output price inflation, a private survey showed on Tuesday. • The S&P Global final Japan Services Purchasing Managers' Index (PMI) fell to 50.0 in May from 51.0 in April, marking the end of a 13-month expansion streak. Readings above 50.0 indicate growth in activity, while those below point to a contraction.

News Source:- https://money.usnews.com/investing/news/articles/2026-06-02/japans-services-activity-stagnates-in-may-as-costs-surge-pmi-shows