Japan Aug. Tertiary Industry Index Rises 0.3% From Month Ago
Japan’s demand for services rose for a third month in August, signaling that the country’s recovery from its deepest postwar recession is spreading to consumers.
The tertiary index, which captures 63 percent of the economy, advanced 0.3 percent from July, the Trade Ministry said today in Tokyo. The median forecast of 21 economists surveyed by Bloomberg News was for a 0.1 percent increase.