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- Japan's all industry activity grew at a slower pace in July
Japan's all industry activity grew at a slower pace in July
According to rttnews, Japan's all industry activity grew at a slower pace in July, the Ministry of Economy, Trade and Industry said Friday.
The all industry activity index rose 0.3 percent month-on-month in July, following June's 1 percent increase. Nonetheless, this was the second consecutive rise in activity and better than the expected 0.2 percent growth.
Tertiary industry activity grew at a slower pace of 0.3 percent after rising 0.7 percent in the prior month.
Industrial output slid 0.4 percent on month, reversing a 2.3 percent rise a month ago. Meanwhile, the increase in construction activity accelerated to 2 percent from 0.1 percent.
On a yearly basis, the all industry activity index slid 0.7 percent in July in contrast to a 0.1 percent rise in June. This was the first fall in three months.
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