JP: Tertiary Index


Thu Sep 08 23:30:00 CDT 2016

Consensus Actual Previous Revised
Month over Month 0.4% 0.3% 0.8% 0.7%
Year over Year 0.8% 0.6%

Highlights
The Tertiary Index rose 0.3 percent in July, compared with the consensus expectation for a gain of 0.4 percent. In level terms, the seasonally adjusted index rose to 104.2, an increase of 0.8 percent on its level twelve months earlier and above its five year average of around 102.5.

This increase in the index reflects an increase in the component index for five of the eleven main industry groups within the services sector. The component index fell for another five of these groups and was flat for the remaining group.

Definition
The Tertiary Index measures activity in the service sector and is a key indicator of domestic activity. The index incorporates data 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.

Description
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.