According to rttnews, Japan's all industry activity grew at a slower pace in July, the Ministry of Economy, Trade and Industry said Friday.

The all industry activity index rose 0.3 percent month-on-month in July, following June's 1 percent increase. Nonetheless, this was the second consecutive rise in activity and better than the expected 0.2 percent growth.

Tertiary industry activity grew at a slower pace of 0.3 percent after rising 0.7 percent in the prior month.

Industrial output slid 0.4 percent on month, reversing a 2.3 percent rise a month ago. Meanwhile, the increase in construction activity accelerated to 2 percent from 0.1 percent.

On a yearly basis, the all industry activity index slid 0.7 percent in July in contrast to a 0.1 percent rise in June. This was the first fall in three months.