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Economy in Brief

Japan’s Service Sector Index Gets Erratic
by Robert Brusca October 17, 2008

The tertiary index fell in August after two months of stability. The Yr/Yr percentage change in the index is hovering in negative territory and has just taken a weaker position with this report.

The index is still in the top 10% of its range but then the service index usually does rise. Setbacks to it are uncommon. The weakness in the tertiary index is another red flag for the slowing in the Japanese economy.

The declines in the tertiary index in this period already rival the drops in the previous recession period from 2000-2003.

Up to date Japan Industry Survey
Recent Months Moving Averages Extremes; Range
Aug-2008 Jul-2008 Jun-2008 3-Mo 6-Mo 12-Mo Max Min %-Tile
Tertiary 109.1 110.6 109.3 109.7 109.8 109.9 110.9 92.0 90.5%
Ranges, Max, Min since 1993
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