The services sector in Japan continued to expand in December, although at a marginally slower rate, the latest survey from Nikkei revealed on Friday with a Services PMI score of 51.1.
That's down from 51.2 in November, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.
Individually, backlogs fell amid a weaker rise in new business, while output price inflation quickened to a 29-month high.
Also, the composite PMI was unchanged at 52.2.
by RTT Staff Writer
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