February 3, 2023

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Japan February tertiary industry index +0.3% vs +0.5% m/m expected

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Latest data released by Japan’s METI – 20 April 2021

  • Prior -1.7%; revised to -1.0%

Slight delay in the release by the source. The statistic basically measures the total value of services purchased by Japanese businesses over the month.
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A minor improvement in February but it comes after the drop in activity seen in January, which was largely impacted by state of emergency measures at the time. A bit of a lagging indicator in terms of economic releases as the market remains more forward-looking.


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