Japan’s tertiary activity index rebounded during the month of June, staying well above what markets had earlier expected, after falling during the month of May, government data showed.
Japan’s tertiary activity index rose a seasonally adjusted 0.8 percent from May, when it dropped by 1.2 percent. Economists had expected a 0.3 percent gain for the month, data released by the Ministry of Economy, Trade and Industry showed Wednesday.
Among the individual components of the survey, activity index gained for living and amusement-related services, medical, health care and welfare, wholesale trade, transport and postal activities and business-related services.
On a yearly basis, the tertiary activity index rose 0.4 percent in June, following a 0.3 percent increase in the preceding month.
However, the activity index was down for information and communications, electricity, gas, hear supply and water, retail trade, finance and insurance, data showed.