Tertiary Industry Index - Japan

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Definition

Measures spending in the services sector of the economy. This sector consists of intangible goods such as public utilities, insurance, government, tourism, banking, retail, education, transportation, and social services.

Importance

It can serve as a key indicator for domestic economic activity. Strong spending in the services sector usually translates to higher employment rates and can also be interpreted as a sign of higher consumer spending in the future.

Market Impact

An uptrend in tertiary industry activity has a positive impact on the nation’s currency especially if more than half of the nation’s workers are employed in the services sector. This implies that tertiary industry activity can be used as an indicator for current and future employment and consumption levels.

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

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