Japan's service activity expanded for a second straight month in December, buoyed by solid demand and business expansion, a private-sector survey showed on Monday. The final au Jibun Bank Service purchasing managers' index (PMI) grew to 50.

The au Jibun Bank Japan Services PMI was revised lower to 50.9 in December 2024 from a flash reading of 51.4. New orders increased for the sixth straight month, with the growth rate reaching its strongest since August.

The final au Jibun Bank Japan manufacturing purchasing managers’ index (PMI) rose to 49.6 in December, indicating the softest contraction in three months. The index was slightly higher than 49.5 in the flash reading and 49.0 in November but stayed below the 50.0 threshold that separates growth from contraction for the sixth straight month.