The survey showed an increase Services sector purchasing managers index in Japan During November, it reached 50.5 points, compared to 49.7 points during October.
An index reading of more than 50 points indicates growth in economic activity in the sector, while a reading of less than 50 points indicates a contraction in activity.
The growth rate of new business exceeded the long-term average but was unchanged from the previous month. She pointed out Companies However, increased confidence and business growth led to an increase in the backlog of orders.
Despite the slowdown in new business growth, the level of existing business continued to rise for the fourth month in a row during November, and this led to an increase in employment in the Chinese service sector, as companies seek to hire new workers in order to cope with the increase in orders.
On the other hand, external demand for Japanese services continued to contract for the second month in a row, although the contraction was slight.
Japanese service companies recorded a sustained improvement in employment levels over the past month.
