JP: Tertiary Index


Sun Mar 12 23:30:00 CDT 2017

Consensus Actual Previous Revised
Month over Month 0.2% 0.0% -0.4% -0.3%
Year over Year 0.7% 0.6% 0.7%

Highlights
Japan's Index of Tertiary Industry Activity was unchanged on the month in January after a fall of 0.3 percent in December. Increases in the component index for eight of the eleven main industry groups within the services sector were offset by falls in the index for the other three groups, with groups providing services to consumers generally outperforming those providing services to businesses. The original index advanced 0.7 percent year-on-year in January, as it did in December.

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.