JP: Tertiary Index


Sun Sep 10 23:30:00 CDT 2017

Actual Previous
Month over Month 0.1% 0.0%
Year over Year 1.0% 1.1%

Highlights
Japan's Index of Tertiary Industry Activity rose 0.1 percent on the month in July after no change in June. Increases in the component index for five of the eleven main industry groups within the services sector outweighed declines in the index for the other six groups. Industries providing services to consumers recorded an increase in their activity of 0.5 percent on the the month, while activity was flat for those providing services to businesses.

The original index advanced 1.0 percent on the year in July, slowing slightly from an increase of 1.1 percent in June.

The Nikkei Services PMI survey indicated that conditions in the sector weakened in both July and again in August.

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.