Japan Manufacturing PMI Slips To 48.8 - Nikkei

The manufacturing sector in Japan continued to contract in December, and at a slightly faster rate, the latest survey from Nikkei revealed on Monday with a preliminary PMI score of 48.8.

That's down marginally from 48.9 in November and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.

The services index from Jibun Bank came in with a score of 50.6, up from 50.3 in the previous month. The composite had a score of 49.8, unchanged from the November reading.

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