Global Service Sector Activity Expands, Manufacturing Contracts

Japan, China, and the UK see growth in service sector activity, while manufacturing activity in Japan, the US, and India contracts.

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.