LOGO
LOGO

Asian Economic News

Japan's All Industry Activity Contracts In July

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Japanese all industry activity fell more than expected in July, reflecting declines in construction and industrial output, the Ministry of Economy, Trade and Industry showed Thursday.

All industry activity dropped 0.6 percent month-on-month, reversing the 0.3 percent increase seen in June. The rate of decrease slightly exceeded the 0.5 percent fall forecast by economists.

Construction industry activity was down 2 percent compared to an increase of 1 percent in the previous month. Likewise, industrial output dropped 1 percent after rising 0.4 percent in June.

Tertiary industry activity also declined in July by 0.8 percent, compared to a 0.2 percent growth last month. The index of government services, on the other hand, rose 0.7 percent following a 0.4 percent drop.

On a year-on-year basis, all industry activity rose at a slightly slower pace of 0.5 percent in July after logging an increase of 0.6 percent.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Global Economics Weekly Update - Jun 08-12, 2026

June 12, 2026 17:14 ET
Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.