Japan Tertiary Activity Recovers In August

Japan’s tertiary industry activity recovered in August, the Ministry of Economy, Trade and Industry showed Friday.

Tertiary industry activity gained 0.5 percent month-on-month in August, in contrast to a 0.1 percent drop in July. Economists had forecast a 0.3 percent rise.

Data showed that broad-ranging personal services advanced 0.9 percent, while broad-ranging business services dropped 0.2 percent.

Living and amusement related services increased the most among the components, up 4.1 percent in August.

On a yearly basis, tertiary activity growth improved to 1.3 percent from 0.9 percent in July.

The material has been provided by InstaForex Company – www.instaforex.com

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