Japanese PMI isn’t taking part in the Olympics

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Economic activity in Japan continued to decline in June. This was shown on Monday by preliminary figures from Markit Economics.

The composite Purchasing Managers Index for Japan fell from 48.9 in June to 47.7 in July.

The Purchasing Managers Index for the services sector decreased from 48.0 to 46.4. The industry index also fell from 52.4 to 52.2, but still indicated growth.

An index position greater than 50 indicates growth, while less than 50 means contraction.

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