Japan preliminary manufacturing PMI for December falls to 47.7 (prior 48.3)

<p>Japan Jibun Bank / S&amp;P Global PMIs for December, the flash readings:</p><p>Manufacturing 47.7, contraction for the seventh straight month and at its lowest in 10 months</p><ul><li>prior 48.3</li></ul><p>Services 52.0, on the other hand, best reading in 3 months</p><ul><li>prior 50.8</li></ul><p>Composite 50.4 </p><ul><li>prior 49.6</li></ul><p>Japan's factory input costs rose at the fastest pace in three months:</p><ul><li>weak yen, higher labour and raw material costs</li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.