Pandemic woes keep Japan's service sector in decline at start of Q3: PMI

Topics PMI services | Japan | Japan economy


TOKYO (Reuters) - Japan's services sector contracted for a sixth straight month in July, suggesting economic activity remained under pressure from the coronavirus crisis as the third quarter got under way. The final Jibun Bank Japan Services Purchasing Managers' Index (PMI) edged up to a seasonally adjusted 45.4 in July, hardly an encouraging change from 45.

0 in June and a preliminary 45.2 reading. The survey highlights the continued struggle facing the world's third-largest economy as the pandemic cripples activity and.

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