From Japan:

Markit/JMMA services PMI for November: 50.6

  • prior was 48.7

Markit/JMMA composite PMI for November: 51.2

  • prior was 49.5

From Markit’s report … Key points:

  • Service sector activity rises following weather related fall in October
  • New business continues to rise for Japanese services providers
  • Business sentiment at eight-month low

Amy Brownbill, Economist at Markit:

  • “Japanese services companies registered a return to activity growth after a temporary fall observed in October due to severe weather conditions (typhoons).
  • New orders remained in solid growth territory, with the pace of increase ticking up from October’s reading.
  • Subsequently, employment rose at a slightly faster pace.
  • Despite activity returning to positive growth, business sentiment among Japanese services providers slipped further in November.
  • Some panel members commented on uncertainty around sales taxes when considering the outlook for activity over the coming year.”
japan service pmi 03 December 2014

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China HSBC PMI coming up at 0145GMT