Japan - Tertiary Industry Index for February rises 0.2% on the month
- expected 0.3%
- prior 0.0%
This index is used as a proxy for domestic activity:
- It excludes manufacturing, looking at service industries catering mainly to the local economy. Exports are pretty much excluded.
- Looks at industry such as wholesale and retail trade, financial services, health care, real estate, leisure, utilities.
Its not much of a focus for the market, USD/JPY barely changed.
Updates:
