The Tertiary Industry Index MoM in Japan measures the monthly change in the output of the service sector, which includes industries such as retail, finance, and transportation. It is a crucial indicator of domestic demand and economic health, as the service sector constitutes a significant portion of Japan's GDP. A positive reading suggests growth in the service sector, potentially boosting investor confidence and impacting financial markets positively. Conversely, a negative reading may indicate economic slowdown, influencing monetary policy decisions and market sentiment.
The Tertiary Industry Index MoM in Japan measures the monthly change in the output of the service sector, which includes industries such as retail, finance, and transportation. It is a crucial indicator of domestic demand and economic health, as the service sector constitutes a significant portio...