Japan's composite output PMI slips to 49.3 in December from 49.9 in November, hurt by a sharp...

|By:, SA News Editor

Japan's composite output PMI slips to 49.3 in December from 49.9 in November, hurt by a sharp fall in manufacturing but supported by the service sector, with the Business Activity Index edging up to 51.5 from 51.4. A rise in service-sector confidence to a 5-year high "augers well for future activity," says Markit, although with manufacturing in the doldrums, Japan's economy will probably continue struggling in the short-term. (PR)