Japanese Tertiary Index Shows Strength

Posted on Sunday, October 18, 2009

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RTT News details:

An index measuring tertiary industrial activity in Japan was up 0.3 percent in August compared to the previous month, the Ministry of Economy, Trade and Industry said on Monday, posting an index score of 97.1.

That beat analyst expectations for a 0.1 percent monthly increase following the revised 0.7 percent increase in July - which was originally reported higher by 0.6 percent.

The index incorporates data from firms involved with wholesale and retail trade, financial services, health care, real estate, leisure, and utilities.

The largest jump in the index was in professional services, led by civil engineering and architectural services (of which geological survey services jumped a massive 46%) offset by continued weakness on the consumer side.