Japan’s PMI Services was finalized at 49.4 in June, a significant drop from May’s 53.8, ending a 21-month growth sequence. PMI Composite was finalized at 49.7, down from May’s 52.6, marking the first contraction in seven months. Trevor Balchin, Economics Director at S&P Global Market Intelligence, highlighted the service sector’s recent strong upturn “ended abruptly”. […]
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