Japan's service activity extends gains on solid demand, PMI shows [Yahoo! Finance]
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Source: Yahoo! Finance
spending, a private survey showed on Tuesday, results that should keep the central bank on track to hike rates again this year. The final au Jibun Bank Service purchasing managers' index (PMI) rose to 54.3 last month, the highest level since August 2023, and up slightly from 54.1 in March. The index has remained above the 50-mark that separates contraction from expansion since September 2022, but it edged down from the flash reading of 54.6. The survey showed prices charged by firms to their clients increased sharply, with the rate of inflation hitting its highest since April 2014 when the nation raised the sales tax. The firms cited rising expenses from higher wages as the main reason for passing on costs to customers, a fact that won't be lost on the Bank of Japan which has for years urged firms to raise pay at a steady pace to spur consumption. The BOJ, which ended negative interest rates in a landmark decision in March, is expected to hike rates again this year. The cent
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SPGI
Earnings
- 4/26/24 - Miss
SPGI
Sec Filings
- 5/17/24 - Form 4
- 5/15/24 - Form 144
- 5/6/24 - Form 8-K
- SPGI's page on the SEC website