Japanese service sector declines more than forecasted

Source: RTT News
© Scanpix/Reuters
Activity in the service sector of Japan plummeted more than predicted in December of 2013, falling 0.4% on a monthly basis, while analysts waited for a slight 0.2-0.3% decrease. In November, however, the data was revised up from a 0.7% to 0.8% increase. Decrease in activity was registered in retail trade, finance, postal, real estate, utility and personal services spheres of the tertiary sector.
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