Home Page




About Us




Reports




Statistics




New Laws/Regs




Library




Facts




Opeds and Speeches




Links



Contact Us



Topic
Region
Industry




Facts

Japanese Service Sector Contracts in Fourth Quarter 2002
Mar 3, 2003

The Japanese Tertiary Sector Index of economic activity decelerated for the fourth consecutive month by 0.7% in December to 104.8. In turn, service sector activity for the entire fourth quarter of 2002 dropped by 1.0% from the previous term. Both results were worse than expected.

Of the six business sectors that make up the index, five fell in December from November. The December decline was mainly attributed to a 3.8% contraction in retail activity. GDP figures released last week showed that consumer spending rose by 0.1% in the fourth quarter of 2002, which was much less than the 0.8% gain recorded in for the third quarter.

The poor performance of the services sector in December 2002 is due to the sluggish demand for services.

Tertiary industry activity marked its first drop in four years in 2002. The index dropped by 1.0%, mainly due to the contraction in wholesale, retail and restaurant activities.

About Us | Statistics | New Laws/Regs
Library | Facts | Opeds and Speeches | Links | Contact Us




Copyright © 2000, The Mark Twain Institue.
This web site was programmed and designed by Americaneagle.com, Inc.