Evaluates the monthly change in output produced by Japan’s service sector. Japan’s economy is very export based, because this report excludes manufacturing and only measures service industries catering mainly to domestic needs, the Tertiary Industry Index is a key indicator 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. The tertiary industry index is posted monthly as a percentage change from the previous month’s figure.
Relevance : Tends to move markets on release Release Schedule: 23:50 (GMT); 2-3 weeks after the reporting period Source of Report: Ministry of Economy, Trade and Industry (METI) Web Address: http://www.meti.go.jp/english/index.html Address of Release: http:// www.meti.go.jp/english/statistics AKA: Indices of Tertiary Industry Activity
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