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A report released by IHS Markit, an economics consulting firm, revealed Monday a slight decline in Japan's service sector activity in July.
The Gibbon Bank Purchasing Managers' Index in the past month reached 51.8 points, up from 58.9 in June.
A reading of more than 50 points indicates the growth of the economic activity of the sector, while a reading of less than 50 points indicates a contraction of the sector.
The data showed that demand growth slowed in July compared to the same month last year and indicated a slowdown in the pace of employment.
At the same time, companies remain optimistic about the economic situation in 12 months, but confidence has fallen to its lowest level in nearly two years. (AFP)
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