The Straits Times
Published on Nov 08, 2012

Japan's service sector sentiment worsens in October


TOKYO (REUTERS) - Japan's service sector sentiment index fell to 39.0 in October, down for the third straight month, a Cabinet Office survey showed on Thursday, hurt by deepening worries about the economic outlook.

The survey of workers such as taxi drivers, hotel workers and restaurant staff - called "economy watchers" for their proximity to consumer and retail trends - showed their confidence about current economic conditions declined from 41.2 in September.

The Cabinet Office started compiling the data in comparative form in August 2001.

In its assessment of the survey results, the Cabinet Office said Japan's economy is weakening further.