In a significant turnaround, Japan’s housing starts in July 2024 showed a remarkable improvement, according to the latest data released on August 30, 2024. The indicator, which had previously plummeted to -6.7% in June 2024, recovered substantially to stop at -0.2% in July.The year-over-year comparison reveals the actual change in housing starts for July 2024 compared to the same month in the previous year. The previous month’s data reflected a dismal -6.7%, indicating a substantial decline in housing starts in June when compared to June of the prior year. However, July’s figures reflect a nearly stabilized market, with only a slight decrease of -0.2% year-over-year.This improvement suggests a potential rebound in Japan’s housing market, providing a glimmer of hope for the broader economy. Analysts will be closely watching future data releases to determine if this trend indicates sustained recovery or if factors influencing the decline will reassert themselves.The material has been provided by InstaForex Company – www.instaforex.com
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