Japan’s tertiary industry activity declined for the fourth month in a row in May, data from the Ministry of Economy, Trade and Industry showed on Monday.
Tertiary industry activity decreased 2.1 percent month-on-month in May, following a 7.7 percent fall in April. This was the fourth consecutive decline.
Data showed that the broad-ranging personal services declined 0.6 percent in May, and broad-ranging [business][1] services fell 3.9 percent.
Among components, wholesale trade, information and communication, transport and postal activities, electricity, gas, heat supply and water, medical, [health][2] care and welfare, goods rental and leasing, and finance and insurance declined in May.
Meanwhile, retail trade, living and amusement-related services, business related services, and real estate increased from the previous month.
On an annual basis, tertiary activity declined 15.9 percent in May, following a 13.2 percent fall in the prior month.
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