|Month over Month||0.3%||1.4%||0.7%|
|Year over Year||-0.3%||-1.1%|
February tertiary industry index increased 0.3 percent on the month and was down 0.3 percent on the year as services continue to be weak in mid-quarter. Among the industries that increased were accommodations, eating & drinking services, real estate & goods rental & leasing, transport & postal activities, scientific research, professional & technical services, finance & insurance and learning support.
Miscellaneous services (except government services etc.), wholesale & retail trade, information & communications, medical, health care & welfare, electricity, gas, heat supply & water, living-related & personal services & amusement services and compound services all declined.
The tertiary index measures activity in 13 industries. The major components are utilities, transport and telecommunications, wholesale and retail, finance and insurance, real estate and services. *Release time listed is for U.S. Eastern Time of the previous day.
The tertiary index measures output by the service sector. Because this report excludes manufacturing the index is considered a key measure of domestic activity. The index incorporates data from firms involved with wholesale and retail trade, financial services, health care, real estate, leisure and utilities. The report excludes industrial manufacturing sectors that tend to be influenced by foreign demand.
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