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- Japan all industry activity growth accelerates in May
Japan all industry activity growth accelerates in May
Japan's all industry activity growth accelerated in May on robust recovery across sub-sectors, data from the Ministry of Economy, Trade and Industry showed Friday.
The corresponding index rose 1.1 percent month-on-month, after climbing 0.1 percent in April. But it remained marginally below the 1.2 percent expected increase.
Construction activity surged 5.2 percent, offsetting last month's 0.1 percent fall. At the same time, industrial production growth surged to 1.9 percent from 0.9 percent.
Tertiary industry activity climbed 1.2 percent from a month ago, when it fell 0.5 percent. The index of government services gained 0.3 percent compared to a 0.1 percent drop in April.
On a yearly basis, all industry activity growth more than doubled to 1.2 percent from 0.4 percent in May.
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