— See Separate Table For Details
TOKYO (MNI) – Japan’s tertiary industry index, which measures
spending in the service sector, appears to have risen a seasonally
adjusted 0.4% on month in October, posting the first rise in four months
after falling 0.7% in September, the median forecast by economists in a
Market News International survey showed.
The Ministry of Economy, Trade and Industry will release the data
at 0850 JST on Tuesday, Dec. 13 (2350 GMT Monday).
Economists said the index was pushed up by a rebound in car sales
and solid demand for luxury goods at department stores in October.
In September, the tertiary index fell on lower demand for flat
screen TV after rush purchases in July.
Data released earlier showed that commercial sales — combined
sales at the wholesale and retail levels — rose a seasonally adjusted
1.5% m/m in October, posting the first gain in four months after -2.4%
in September.
skodama@marketnews.com
** Market News International Tokyo Newsroom: 81-3-5403-4838 **
[TOPICS: M$J$$$,M$A$$$,MAJDS$]
