According to data released today by the Ministry of Economy, Trade and Industry of Japan, the index of business activity in the services sector grew by 0.2% in November on a monthly basis after flat in October.
It is worth noting that this was the first increase in the index for the last four months. Most activity has increased in sectors such as information and communication, trade, finance and insurance, related business services, health care services and social services (electricity, gas, heat and water). Meanwhile, there was a decline in the sectors of entertainment, transport and postal services, lease, rental, leasing, retail and real estate.
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