Japan’s tertiary activity index increased for the second straight month in July, in line with expectations, figures from the Ministry of Economy, Trade and Industry showed Monday.
The tertiary industrial activity index rose 0.2 percent month-on-month in July, following a 0.3 percent increase in the previous month. The figures was also matched with consensus data.
Among the individual components of the survey, activity was up for information and communications, wholesale trade, finance and insurance, health care and welfare, living and amusement-related services, and goods rental and leasing.
Activity was down for business-related services, transport and postal activities, real estate, electricity, gas, heat supply and water.
On an annual basis, the tertiary activity index increased at a slower pace of 1.9 percent in July, following a 2.3 percent gain in June. However, it was the fourth successive monthly climb.
The material has been provided by InstaForex Company – www.instaforex.com