Japan Tertiary Activity Index Rises For Third Month

Japan’s tertiary activity rose for the third straight month in August, data from the Ministry of Economy, Trade and Industry showed on Thursday.

The tertiary activity index rose 0.8 percent month-on-month in August, following a 0.1 percent increase in July.

Among the individual components of the survey, retail trade, electricity, gas, heat supply and water, real estate, medical, health care and welfare, business-related services, goods rental and leasing increased in August.

Meanwhile, information and communication, finance and insurance, wholesale trade, transport and postal activities, living and amusement-related services declined.

On a yearly basis, the tertiary activity index declined 8.5 percent in August, following a 8.8 percent fall in the previous month.

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