Jibun Bank / S&P Global PMI for December, the final readings:
Services 51.5, for its 16 consecutive month of growth
- prior 50.8 (the slowest in 2023)
- flash was 52.0
Composite 50.0
- prior 49.6
More on the services sector PMI:
- upturn in new business volume, led by domestic
customers - employment
growth for three straight months - new export business remained in contraction for the third
month but at its highest for those months - service
providers increased prices at the strongest pace since
August
—
The preliminary services and composite PMIs for December can be found here:
The manufacturing PMI was published earlier this week, it fell deeper into contraction:
This article was written by Eamonn Sheridan at www.forexlive.com.
