Mumbai, Dec. 16 -- Japan's composite index continued to expand in December, albeit at a slower pace, the latest survey from S&P Global revealed on Tuesday with a composite PMI score of 51.5.

That's down from 52.0 in November, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

The survey also showed that the manufacturing index improved to 49.7 from 48.7 in November, while the services PMI fell to 52.5 from 53.2.

Data split by sector indicated that a slightly quicker, but still marginal, decline in manufacturing output and a slower increase in services activity weighed on the headline index reading in December. New orders also expanded at the composite level at the end of 2025, following a two...