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Japan's manufacturing sector contracts further, but services show growth, signaling an economic shift.
Japan's manufacturing sector continued to contract in December, though at a slightly slower pace, as indicated by a PMI of 49.5.
Meanwhile, the services sector showed marginal growth with a PMI of 51.4, driven by higher new orders.
Input costs and selling prices rose sharply, fueled by high inflation and a weak yen.
Business confidence in manufacturing remains low, with concerns over labor shortages and global demand.
The overall economy relies increasingly on the service sector to drive activity.
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El sector manufacturero de Japón se contrae aún más, pero los servicios muestran crecimiento, lo que indica un cambio económico.