Japan’s Ministry of Economy, Trade and Industry released its tertiary industry activity index on Friday. The index decreased 0.1% in February, after a 0.7% rise in January. January’s figure was revised down from 1.5% increase.
The fall was driven by declines in business-related services, retail trade, electricity, gas, heat supply and water, and medical, health care and welfare.
On a yearly basis, the tertiary industry activity index climbed 2.3% in February, after a 0.2% rise in January.
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