Markit/JMMA Japan Services PMI for December, 51.7

  • prior was 50.6

Markit/JMMA Japan Composite PMI for December, 51.9

  • prior was 51.2
japan services pmi #date

Key points:

  • Service activity growth accelerates, but new orders fall at weak pace
  • Payroll numbers remain just inside growth territory at Japanese services providers
  • Business sentiment strengthens

Comments from Amy Brownbill, Economist at Markitd:

  • “Business activity at Japanese services companies remained in growth territory in December, contrasting with a marginal fall in new orders for the first time in seven months.
  • Despite subdued demand conditions, employment growth was recorded in the Japanese service sector, although at a weak rate.
  • Meanwhile expectations regarding activity over the next 12 months improved in December, thereby suggesting a positive outlook for activity over the coming year.”