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Japan's All Industry Activity Recovers In July

Japan's all industry activity recovered at a faster than expected pace in July underpinned by a rebound in industrial output, data showed Thursday.

The all industry activity index rose 0.5 percent in July from a month ago, reversing a 0.7 percent fall, the Ministry of Economy, Trade and Industry reported. Activity was forecast to grow moderately by 0.3 percent.

Industrial production gained 3.4 percent after falling 3 percent in June. Meanwhile, growth in construction output slowed to 1.5 percent from 3.9 percent and the indices of government services dropped at a faster rate of 0.3 percent.

At the same time, tertiary industry activity fell 0.4 percent, marginally below the 0.5 percent decrease seen a month ago.

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