The services sector in Japan continued to contract in December, and at a faster rate, the latest survey from Jibun Bank revealed on Wednesday with a services PMI score of 47.7.
That’s down slightly from 47.8 in November and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.
Individually, there were sustained reductions in output and new [business][1], although employment levels broadly stabilized and sentiment remained positive.
Average cost burdens faced by Japanese service providers ended a four- month sequence of falls with a marginal increase in input prices in the latest survey period.
The survey also showed that its composite index improved to 48.5 in December from 48.1 in November.
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