Japan manufacturing PMI shrinks in Dec, services improve
Investing.com-- Japanese manufacturing activity shrank slightly less than expected in early December, purchasing managers index data showed on Monday, while services sector activity picked up sharply.read 49.5 in the first two weeks of December, compared to expectations of 49.2. The reading improved from 49.0 seen in the prior month.
Japan’s manufacturing sector was battered by a slew of outages at major carmakers, as they grappled with a rapidly growing safety scandal. But production by majors such as Strength in the services sector also helped overall Japanese business activity expand in December, although manufacturing still remained a drag.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
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