Japan's all industry activity declined in May as expected by economists, data from the Ministry of Economy, Trade and Industry revealed Thursday.
Despite a surge in construction output, the all industry activity index fell 0.3 percent from a month ago, following a 0.1 percent rise in April.
Construction activity recovered strongly in May, up 9.6 percent month-on-month and tertiary industry output climbed 0.7 percent. However, industrial output and government services output dipped 3.4 percent and 0.2 percent, respectively.
On a yearly basis, all industry activity growth slowed to 3.2 percent from 4.1 percent in April.
by RTT Staff Writer
For comments and feedback: email@example.com