Japan’s all industry activity decreased at a faster-than-expected pace in November, after rising in the prior month, figures from the Ministry of Economy, Trade and Industry showed Thursday.
The all industry activity index fell a seasonally adjusted 1.0 percent month-over-month in November, in contrast to a 0.9 percent increase in October, which was revised up from 0.9 percent spike reported earlier.
Economists had expected a 0.8 percent drop for the month. In September, the measure had fallen 0.1 percent.
The index measuring construction activity declined 3.0 percent monthly in November. Likewise, the corresponding index for both industrial and tertiary activity slid by 0.9 percent and 0.8 percent respectively.
On an annual basis, the all industry activity grew at a faster pace of 1.3 percent in November, following a 0.9 percent gain in the preceding month. It was the sixth successive month of increase in a row.
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