March Japanese Tertiary Industry Activity Index
The Japanese tertiary industry activity index fell a slightly more-than-expected 6.0% m/m sa to 93.5 in March after an upwardly revised 1.0% m/m increase to 99.5 in February, suggesting Japan’s demand for services fell for the third time in four months and posted the biggest drop since April 1989, according to data from the Ministry of Economy, Trade and Industry. The index fell 2.9% y/y nsa in March, the first year-on-year fall since December 2009, following an upwardly revised 2.1% y/y increase in the prior month.
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May 16, 2011
• Tags: Activity Index, Index, Industry Activity, Industry Activity Index • Posted in: Financial News
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