TOKYO (dpa-AFX) - The services sector in Japan continued to expand in March, albeit at a slightly lower pace, the latest survey from Nikkei revealed on Wednesday with a services PMI score of 52.0.
That's down from 52.3 in February, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.
Individually, increased demand encouraged further job creation, but business confidence sank to an 18-month low.
Also, the composite index fell to a 30-month low reading of 50.4 in March, down from 50.7 in the previous month.
Copyright RTT News/dpa-AFX