Service sector sentiment improves
Sentiment in Japan’s service sector improved in September for the first time in three months, owing in part to robust sales of seasonal clothing, the government said in a report. According to the Cabinet Office’s monthly survey, the current conditions index rose 1.6 points from August to 51.3, marking the first improvement in three months. The government upwardly revised its view of the economy for the first time since May, stating that the economy has “improved steadily”. This compares to its previous month’s assessment that the economy “continues to pick up.” Robust sales of goods for the autumn season helped push the index up, a cabinet official was quoted as saying. These included clothing and goods at departments stores, clothing stores and drug stores. Temperatures falling in September earlier than usual was another reason for these seasonal items selling more than usual.