Economic Buzz: Japans Tertiary Activities Improve In March

18 May 2022 , 12:24 PM

Japans tertiary activity improved for the first time in four months in March, as per the data from the Ministry of Economy, Trade and Industry. The seasonally adjusted tertiary activity index rose 1.3 percent month-on-month in March, reversing a 1.8 percent fall in February. Among the individual components, output in the living and amusement-related services, transport and postal activities, retail trade, business-related services, medical, health care and welfare and food rental and leasing increased in March. Meanwhile, activity declined in information and communications, finance and insurance, electricity, gas, heat supply and water and real estate. On a yearly basis, the tertiary activity index climbed 8.5 percent in March, in contrast to a 8.8 percent fall in the previous month.Powered by Commodity Insights