Japan’s September service sector activity shrinks at slowest pace since pandemic’s start

first_imgActivity in Japan’s services sector contracted for the eight straight month in September but at the slowest pace since the coronavirus pandemic started wreaking havoc on the economy, a private business survey showed on Monday, in a sign that demand is starting to steady.The final Jibun Bank Japan Services Purchasing Managers’ Index (PMI) rose to its highest in eight months, coming in at a seasonally adjusted 46.9 from 45.0 in the previous month.The headline index, while still below the 50 neutral level, was higher than a preliminary reading of 45.6, suggesting conditions were moving closer to stabilisation. “Overall, there are signs of improvement in the sector, however recovery is far from secure,” said Shreeya Patel, economist at IHS Markit, which compiles the survey.“Demand across the country remains subdued, with tourism and travel restrictions impeding new work volumes across the service sector.”The main reading was pulled down by an accelerated decline in new orders from abroad, with surveyed firms citing depressed demand conditions in export markets as well as the closure of clients’ businesses.However, the survey also showed strong optimism in companies’ outlook for the 12 months ahead on hopes of a recovery in demand, pushing the business expectations sub-index to its highest level of the year.While job shedding continued for a seventh month, the pace of staff cuts was more modest and neared a neutral level.The results echo a key Bank of Japan survey from last week that showed business sentiment improved in the third quarter from a 11-year low hit three months earlier, in a sign of a gradual economic turnaround.The composite PMI, which includes both manufacturing and services, rose to 46.6 in September from the previous month’s final of 45.2.Topics :last_img read more

Nationals injury updates: Max Scherzer nearing return; Sean Doolittle placed on injured list

first_imgScherzer, 35, has been out since July 25 with an upper-back strain. He threw a simulated game this weekend and is “probable” to start Thursday against the Pirates.Max Scherzer is probable to come off the injured list to start Thursday against the Pirates, per Dave Martinez.— Jamal Collier (@JamalCollier) August 18, 2019“I feel good,” Scherzer said, via NBC Sports Washington. “Kind of do my normal little tests, move my arm and go through the throwing motion, so I feel good. I’m basically sore today the way I should be sore, given that and all the treatment we did yesterday and throwing a sim game. Like everything feels right where it should be. There’s no extra soreness other than what I anticipated. To me, that’s right-on par.” Related News Mets’ Pete Alonso breaks National League rookie home run record Joey Votto injury update: Reds place infielder (back) on 10-day IL The Nationals received some mixed injury news Sunday.Washington ace Max Scherzer is nearing his return to the rotation, manager Dave Martinez told reporters. But, the team also announced it had placed Sean Doolittle on the 10-day injured list with right knee tendinitis. Juan Soto injury update: Nationals outfielder considered ‘day to day’ with ankle sprain “(Saturday) I just didn’t have anything,” Doolittle said after the game. “So, yeah, we’re going to have to figure something out. I’m going to have to figure something out because this team, they deserve better right now.”The Nationals topped Milwaukee, 16-8, on Sunday and finished play leading the National League wild-card race with a 67-56 record. Scherzer, a three-time Cy Young winner, has a 9-5 record with a 2.41 ERA in 20 starts so far this season.“The toughest part about this whole thing is I feel like the carrot’s right in front of my face,” Scherzer said. “That it’s such day to day that any day it could turn and you always wake up every single day thinking today’s the day that you’re going to wake up and not feel anything and you’re going to go out there and you’re going to throw it and you’re going to feel no pain whatsoever. And you go off running because it’s not a serious injury. That’s been the most frustrating part.”Meanwhile, Doolittle, 32, has struggled recently and holds a 4.33 ERA and 28 saves in 54 appearances. He allowed four runs and blew a save in his latest appearance Saturday against the Brewers.last_img read more