TOKYO : Japan's service activity maintained a brisk pace of growth in June as the relaxation of pandemic-related restrictions revived consumer demand, a private-sector survey showed on Wednesday.The final au Jibun Bank Japan Services purchasing managers' index (PMI) fell to a seasonally adjusted 54.0 last
TOKYO : Japan's service activity maintained a brisk pace of growth in June as the relaxation of pandemic-related restrictions revived consumer demand, a private-sector survey showed on Wednesday.
That compared with the flash reading of 54.2 and remained well above the 50 threshold separating expansion from contraction for the 10th straight month. Business expectations for the coming year were also firm but slightly down from previous months, according to the survey. Service providers said price pressures were persistent in June although input inflation dropped to the lowest level since March last year.
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