A key gauge of the strength of Japan’s service sector rebounded in July, while a measure of factory activity showed a contraction in the latest indication of the economy’s patchy performance.
The au Jibun Bank purchasing managers’ index for the service sector climbed to 53.9 from 49.4 in June, reaching a three-month high, S&P Global reported Wednesday, an encouraging sign that domestic demand may have enough strength to support growth and inflation outside the factory sector.
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