The Nikkei Services PMI measures the business activity and sentiment within the Japanese service sector. As services account for a significant portion of Japan's GDP, this index is a vital gauge of domestic demand and consumer spending. It covers sub-sectors such as transport, communication, financial services, and business services.
The index is based on survey data collected from a representative panel of over 400 service sector companies. The headline figure is the Services Business Activity Index, which is seasonally adjusted.
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