Reported 10 months ago
Japan's service activity continued to expand for the second consecutive month in December, driven by solid demand and business growth, according to a private-sector survey. The au Jibun Bank Service PMI rose to 50.9, maintaining momentum above the crucial 50.0 mark. Optimism remains in the sector despite a slight dip in business sentiment, with employment increasing for the 15th month in a row. High inflation rates persist due to rising labor and material costs, while firms aim to pass these costs onto clients.
Source: YAHOO