10/5, 2:36 AM (Source: TeleTrader)
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Japan's services activity expands in September

Japan's service sector performance stood above market expectations in September, reversing August's decline, according to a report released by S&P Global on Tuesday.

The seasonally adjusted figure showed the Jibun Bank Japan Services Business Activity Index landing at 52.2 to stand above the neutral 50 and mark an overall growth in the sector.

"September brought along a more positive month for Japan's service sector as activity levels returned to growth," Economist at S&P Global Usamah Bhatti said about the data, noting that restrictions on foreign tourism being lifted from October "should also help support greater economic activity."

Baha Breaking News (BBN) / NL