JP: Tertiary Index


Sun Dec 11 22:30:00 CST 2016

Actual Previous Revised
Month over Month 0.2% 0.0% -0.1%
Year over Year -0.1% 1.0%

Highlights
Japan's Index of Tertiary Industry Activity rose 0.2 percent in October after falling 0.1 percent in September. This increase in the index reflects increases in the component index for four of the eleven main industry groups within the services sector, offset by falls in six of the other groups and no change in the remaining group.

In level terms, the original index fell 0.1 percent year-on-year to 102.8, above its five year average of around 102.5.

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.