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Economy in Brief

Japan is Losing Momentum Across Sectors
by Robert Brusca September 21, 2007

Construction sector is on its LIFETIME LOW – since 1993.

The chart on the left shows the 12-month momentum in Japan’s various key sectors. Among them, only construction is contracting and it has been doing that since mid -2006. Construction is at the its lifetime low point. Other sectors are relatively high in their respective ranges – in their 90th percentiles. But momentum is fading across these sectors. MFG is only gradually losing momentum while the tertiary sector (services) has less momentum to start and is also losing it faster. The all industry measure tracks the tertiary sector closely.

Japan Main Industry Surveys
Recent Months Moving Averages Extremes: Range
3Mo 6Mo 12Mo Max Min %-Tile
All Industry 107.1 107.5 107.3 107.3 107.2 106.9 107.6 93.1 1.0
Construction 78.7 80 81.6 80.1 80.3 80.4 124.6 78.7 0
Mining and MFG 108.1 108.5 107.1 107.9 107.8 107.9 109.6 87.7 0.9
Tertiary 109.7 110.3 110.2 110.1 110.0 109.5 110.7 91 0.9
Ranges, Max, Min since 1993
large image