Japan service sector sentiment improves in Oct By Reuters

© Reuters. FILE PHOTO: People wait in a line at a taxi stand exterior of Shinagawa station, as some prepare providers had been suspended because of an earthquake, in Tokyo, Japan, October 8, 2021. REUTERS/Kim Kyung-Hoon

TOKYO (Reuters) – Japan’s service sector sentiment index rose 13.4 factors to 55.5 in October, a Cabinet Office survey confirmed on Tuesday, as the federal government eased state-of-emergency curbs final month and new COVID-19 instances plunged to the bottom ranges in greater than a 12 months.

The index, which was at 42.1 in September, relies on a survey of employees akin to taxi drivers, resort employees and restaurant workers who’re referred to as “economic system watchers” for his or her proximity to shopper and retail developments.

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