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    06.05.2016 14:40 Markit/Nikkei services purchasing managers' index for Japan decreases to 49.3 in April

    The Markit/Nikkei services Purchasing Managers' Index (PMI) for Japan decreased to 49.3 in April from 50.0 in March.



    A reading below 50 indicates contraction of activity, while a reading above 50 indicates expansion.



    The decrease was driven by a reduction in clients.



    "Latest survey data indicated a slight deterioration in output at Japanese service providers. Activity decreased for the first time in over a year, while new orders were broadly stable during the month," economist at Markit, Amy Brownbill, said.

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