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Japan Services PMI Fades To 51.0 In December - Nikkei

The services sector in Japan continued to expand in December, albeit at a slower pace, the latest survey from Nikkei revealed on Monday with a PMI score of 51.0.

That's down from 52.3 in November, although it remains above the boom-of-bust line of 50 that separates expansion from contraction.

Individually, a weaker rise in new sales hampered output growth, although job creation accelerated to a three-month high and business confidence remained elevated.

Nikkei also said its composite index slipped to a reading of 52.0 in December, down from 52.4 in the previous month.

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