Titan FX

MoM Change in the Tertiary Industry Activity Index in Japan

Country:
JPYJapan
Importance:
Data Trends
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DateValue
ForecastActualDeviation
Market Impact of Economic Indicator Releases
To understand the market impact of economic indicator releases, this metric represents the relative price change over a specific period following the release.
Formula: (Close price N minutes after the release - Open price at the time of the release) / Open price at the time of the release
DateRelated Instruments Price Volatility
1 min later5 min later10 min later15 min later30 min later
About MoM Change in the Tertiary Industry Activity Index in Japan

The month-on-month change in the Tertiary Industry Activity Index indicates the percentage increase or decrease in the total economic activity of Japan's service sector and other tertiary industries compared to the previous month. This data is published monthly by the Ministry of Economy, Trade and Industry and is crucial for evaluating trends in the service sector.

Month-on-month data helps in understanding short-term fluctuations in economic activities within the service sector. An increase in the Tertiary Industry Activity Index suggests an expansion of economic activities in the service sector. Conversely, a decrease indicates potential stagnation in the service sector's economic activities.

This data serves as a reference for policymakers to assess the economic activities of the service sector and formulate appropriate economic policies. Additionally, it is an important source of information for businesses and investors to understand trends in the service sector and develop economic outlooks.

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