Japan's June factory activity expands at slowest pace in 4 months

Japan's June factory activity expands at slowest pace in 4 months
Reuters
22 hrs ago
© Reuters/Toru Hanai
FILE PHOTO: Smoke rises from a factory during the sunset at Keihin industrial zone in Kawasaki
TOKYO (Reuters) - Japan's factory activity expanded at the slowest pace in four months in June, in a sign momentum in the world's third-largest economy was levelling out before Tokyo is set to host the Olympic Games next month.
Activity for the private sector as a whole contracted for a second straight month due to the weaker reading for manufacturing and continued shrinking in the services sector, clouding the outlook for second-quarter economic growth in the country.

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