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.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.