Overview
- Japan's service sector activity expanded in December, marking 16 consecutive months of growth, despite overall modest growth rate.
- China's service sector activity expanded at the fastest pace in five months due to a solid rise in new business.
- The UK services sector reported its fastest jump in activity for six months, with firms growing increasingly optimistic about the year ahead.
- Manufacturing activity in Japan, the US, and India contracted in December, with India's manufacturing activity falling to an 18-month low.
- China's manufacturing sector contracted for a third straight month in December, hitting a six-month low.