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Economy in Brief

Japan Sector Indices are Weakening…
by Robert Brusca August 20, 2008

The all industries index dropped in June, its first drop in four months. The index still stands in the 88th percentile (top 12 percent) of its range. Construction fell again dropping to the bottom of its range. The all important tertiary (or services) index is in the 92nd percentile of its range. It has fallen in four of the past seven months and in each of the past two.

The construction index has been weak for some time. The tertiary and overall indices are weakening for the second time since early in 2008. The tertiary sector is where most of the jobs are.

Up-to-date Japan Industry Surveys
Recent Months Moving Averages Extremes; Range
  Jun 08 May 08 Apr 08 3-Mo 6-Mo 12-Mo Max Min %-Tile
All Industry 106.5 107.5 107.1 107.0 106.8 107.1 108.1 93.8 88.8%
Construction 69.9 70.5 71.8 70.7 71.3 72.5 122.9 69.9 0.0%
Tertiary 109.5 110.4 110.6 110.2 109.6 110.0 110.9 92.0 92.6%
Ranges, Max, Min since 1993
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