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.
by RTT Staff Writer
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