Nikkei Services PMI informs of the business environment in the Japanese service sector. The indicator is calculated monthly based on the survey of the service industry company managers about the sales, amount of orders in the industry, employment and forecasts.
PMI is one of the indicators measuring the confidence of big businesses in the country's economic development. The indicator growth can have a positive effect on the yen quotes.
The chart of the entire available history of the "Nikkei Japan Services Purchasing Managers Index (PMI)" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.