— See Separate Table For Details Of Individual Forecasts
TOKYO (MNI) – Japan’s tertiary industry index, which measures
spending in the service sector, appears to have fallen a seasonally
adjusted 0.3% on month in November, posting the first fall in two months
after +0.6% in October and -0.4% 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, Jan. 17 (2350 GMT Monday).
Hidenobu Tokuda, economist at Mizuho Research Institute, attributed
an expected fall in November to sluggish retail sales of consumer
electronics and winter clothing.
Domestic shipments of audio and visual electronic appliances fell
62.9% on year in November, with the pace of decline accelerating from
-56.8% in October, an industry organization has said.
skodama@marketnews.com
** Market News International Tokyo Newsroom: 81-3-5403-4838 **
[TOPICS: M$J$$$,M$A$$$,MAJDS$]