GulfBase Live Support
20/05/2011 00:00 AST
Japan's all industry activity declined more than expected after the earthquake and tsunami hit the nation on March 11, data from the Ministry of Economy, Trade and Industry showed Friday.
All industry activity declined 6.3 percent month-on-month in March, reversing last month's 0.7 percent growth. Economists were expecting a monthly fall of 6.1 percent.
Within overall industry activity, construction activity dipped sharply by 8.6 percent after rising 1.4 percent in February. Industrial production recorded 15.5 percent drop after increasing 1.8 percent in the previous month.
Tertiary industry activity fell 6 percent compared to previous month's 1 percent growth. Meanwhile, government services activity remained flat, following a 0.1 percent rise seen in February.
On an annual comparison, all industry activity dipped 4.5 percent after rising 1.8 percent in the previous month.
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NIKKEI 225 | 36,581.76 | -251.51 (-0.68 |
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S&P 500 | 5,626.02 | 30.26 (0.54 |
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