Japan Tertiary Activity Falls In October

Japan's tertiary industry activity declined at a faster-than-expected rate in October, data from the Ministry of Economy, Trade and Industry showed on Monday.

Tertiary industry activity decreased 4.6 percent month-on-month in October. Economists had forecast a 3.6 percent fall.

Data showed that the broad-ranging personal services fell 4.5 percent in October, and broad-ranging business services dropped 4.0 percent.

Among components, retail sales declined the most, by 16.0 percent in October.

On a yearly basis, tertiary activity decreased 2.3 percent in October.

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