Japan 's slowing services sector reveals that its economy may be losing momentum; in April , the country's services sector contracted at the fastest pace in the first quarter , according to data from Reuters . The Markit/Nikkei Japan Manufacturing Purchasing Managers’ Index (PMI) was a seasonally adjusted 52.9, versus a preliminary 52.6 and a final 52.2 in August. the Markit/Nikkei Services Purchasing Managers Index warned that while Japan may have narrowly escaped a recession in April , weak domestic and external demand, as well as a strong yen, will hamper its recovery.
Japan 's slowing services sector reveals that its economy may be losing momentum; in April , the country's services sector contracted at the fastest pace in the first quarter , according to data from Reuters . the Markit/Nikkei Services Purchasing Managers Index warned that while Japan may have narrowly escaped a recession in April , weak domestic and external demand, as well as a strong yen, will hamper its recovery.