Japan March all-industry activity rebounds on expansion in industrial output

Japan all-industry activity index showcased a recovery in March, on expansion in industrial output for the same period. The activity index rose 0.1 pct in March, compared to its fall of 0.9 pct in February. However, the rise was lower than the analyst expectations of 0.5 pct.

Industrial production jumped 3.8 pct, snapping a 5.2 pct fall in February. Similarly construction output slid further .6 pct after falling 0.2 pct. Tertiary industry activity decreased 0.7 pct versus a 0.2 pct rise in February.

On a yearly basis, industrial output fell 0.1 pct in March, which was the second decline in the past three months.