TOKYO, July 24 (Reuters) - Japanese manufacturing contracted for a third straight month in July, albeit at a slower pace, as domestic and export demand remained depressed, a preliminary business survey showed on Wednesday. But the country's services sector showed signs of picking up, offsetting some of the pressure on the economy. The Jibun Bank Flash Japan Manufacturing Purchasing Managers' Index (PMI) edged up to a seasonally adjusted 49.6 from a final 49.3 in the previous month, but stayed below the 50.0 threshold that separates contraction from expansion for a third month.
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