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21 Jun 2024 12:00
Economic Buzz: Japan's Manufacturing Sector Growth Softens In June
The manufacturing sector in Japan expanded in June though the pace of growth was slower, the latest survey from Jibun Bank revealed on Friday with a manufacturing PMI score of 50.1. This was marginally down from 50.4 in May, though it remains above the boom-or-bust line of 50 that separates expansion from contraction. The survey also showed that the services PMI slowed to 49.8 in June from 53.8 in May.
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