The services sector in Japan accelerated in August, the latest survey from Jibun Bank revealed on Wednesday with a PMI score of 53.3.
That's up from 51.8 in July and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.
Individually, there was a sharp rise in service sector output, although new business growth fell to a 13-month low. Business confidence remained subdued.
The survey also showed that the composite index came in at 51.9, up slightly from 51.7 in the previous month.
The material has been provided by InstaForex Company - www.instaforex.com
source http://www.mt5.com/forex_news/quickview/2142556/
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