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Economy in Brief

Japan's All Industries Index Rises
by Robert Brusca September 22, 2008

Japan’s all-industries index and tertiary index are up in the month and still very high in their historic ranges going back to the early 1990s. By contrast the construction sector is extremely weak with little evidence of any resilience. Despite the bounce in the month for the all-industry index and for the services sector (tertiary index) both seem to be still in a cyclical slide. The indices bottomed in this cycle in February of this year. It is still not clear what trajectory these two sectors are on. Japan’s economy is still under stress.

Up to date Japan Industry Surveys
Recent Months Moving Averages Extremes; Range
3Mo 6Mo 12Mo Max Min %-Tile
All Industry 107.3 106.4 107.5 107.1 106.7 107.1 108.1 93.9 94.4%
Construction 68.8 69.7 70.5 69.7 70.7 71.7 122.3 68.8 0.0%
Tertiary 110.6 109.3 110.4 110.1 109.7 110.0 110.9 92.0 98.4%
Ranges, Max, Min since 1993
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