Japan's service sector logged strong growth but the pace of expansion eased slightly amid a softer upturn in new orders, survey results from S&P Global showed Friday.
The headline final services Purchasing Managers' Index fell to 53.4 in March from a 21-month high of 53.8 in February. The reading was above the initial estimate of 52.8.
There were tentative signs that growth momentum was beginning to fade in March, with both the output and new order indices retreating from the recent highs seen in February, S&P Global Market Intelligence Economics Associate Director Annabel Fiddes said.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.