Japan’s all market activity grew just marginally in May after recuperating in April, information from the Ministry of Economy, Trade and Market showed Friday.
The all industry activity index gained 0.1 percent on month, much slower than April’s 1 percent rebound. Nevertheless, the month-to-month rate was much better than the expected nil growth.
Data revealed that building activity development reduced to 0.7 percent from 2.4 percent. At the exact same time, commercial production dropped 0.2 percent, reversing a 0.5 percent rise in April. The tertiary market activity edged up 0.1 percent after climbing up 1 percent a month ago.
On a yearly basis, all industry activity development sped up to 1.6 percent from 1.4 percent in the previous month.
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