Services demand up in December: Economic Pulse


Growth in the country’s services firms rose at its fastest pace in 10 months in December as demand picked up. The Nikkei/Markit Services Purchasing Managers’ Index surged to 53.6 in December from November’s 50.1, marking a sixth month above the 50-level that separates growth from contraction.

This may provide some comfort to policy-makers after a related survey showed domestic factory activity contracted in December for the first time in more than two years on dwindling demand.


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