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Financial News: Japan Tertiary Activity Index Rises Less Than Expected

Japan Tertiary Activity Index Rises Less Than Expected

04/21/2017 - 00:50:00 (RTTNews)

(RTTNews) - Japan's tertiary activity index increased at a slower-than-expected pace in February, after falling in the previous two months, figures from the Ministry of Economy, Trade and Industry showed Friday.

The tertiary activity index rose 0.2 percent month-over-month in February, reversing a 0.2 percent drop in January. Economists had expected a 0.3 percent climb for the month.

Among the individual components of the survey, activity was up for business-related services, retail trade, Living amusement-related services, transport and postal activities.

At the same time, activity was down for information and communications, wholesale trade, real estate, electricity, gas, heat supply and water, finance and insurance, goods rental and leasing.

On an annual basis, the tertiary activity index fell 1.3 percent in February, in contrast to a 0.6 percent rise in the prior month. It was the first decline in four months.

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