February 10, 2015

Economic Analysis Office Ministry of Economy, Trade and Industry (METI)

JAPAN

Report on Indices of Tertiary Industry Activity for December 2014

http://www.meti.go.jp/english/statistics/tyo/sanzi/index.html （English） http://www.meti.go.jp/statistics/tyo/sanzi/result-1.html （Japanese）

2

Trends of Indices of Tertiary Industry Activity • The index of tertiary industry activity for December in 2014 is 98.9 (down by

0.3% from the previous month ), decreased for the first time in two months.

Note: The shadowed portions represent recession periods. The term from May to November in 2012 is provisional.

○Indices of Tertiary Industry Activity（ITA）

91

94

97

100

103

106

1 2 3 4 5 6 7 8 91011121 2 3 4 5 6 7 8 91011121 2 3 4 5 6 7 8 91011121 2 3 4 5 6 7 8 91011121 2 3 4 5 6 7 8 91011121 2 3 4 5 6 7 8 91011121 2 3 4 5 6 7 8 9101112

2008 2009 2010 2011 2012 2013 2014

(2005＝100, seasonally adjusted)

The Great East Japan Earthquake

Lehman Shock

a consumption tax rise

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• The index of tertiary industry activity for December in 2014 decreased by 0.3% from the previous month.

• By type of business, activities such as Finance and Insurance, Living-Related and Personal Services and Amusement Services, Miscellaneous Services (Except Government Services etc.) , Accommodations, Eating and Drinking Services increased.

Contribution ratio by business of Indices of Tertiary Industry Activity

1 2 3 4 5 6 7 8 9 10 11 12

2014

▲ 7 ▲ 6 ▲ 5 ▲ 4 ▲ 3 ▲ 2 ▲ 1

01234

Electricity, Gas, Heat Supply and Water

Information and Communications

Transport and Postal Activities

Wholesale and Retail Trade

Finance and Insurance

Real Estate and Goods Rental and Leasing

Scientific Research, Professional and TechnicalServicesAccommodations, Eating and Drinking Services

Living-Related and Personal Services andAmusement ServicesLearning Support

Medical, Health Care and Welfare

Compound Services

Miscellaneous Services (Except GovernmentServices etc.)Indices of Tertiary Industry Activity

(Seasonally adjusted, Compared to the previous month, %, %points)

4

Trends of Indices of Wholesale Trade and Retail Trade

Note: The shadowed portions represent recession periods. The term from May to November in 2012 is provisional.

70

75

80

85

90

95

100

105

110

115

120

1 2 3 4 5 6 7 8 91011121 2 3 4 5 6 7 8 91011121 2 3 4 5 6 7 8 91011121 2 3 4 5 6 7 8 91011121 2 3 4 5 6 7 8 91011121 2 3 4 5 6 7 8 91011121 2 3 4 5 6 7 8 9101112

2008 2009 2010 2011 2012 2013 2014

Retail Trade

Wholesale Trade

(2005＝100, seasonally adjusted)

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Contribution ratio by business of Indices of Retail Trade • The index of Retail Trade for December in 2014 decreased by 1.1% from the

previous month. • By type of business, activities such as Retail Trade(Food and Beverages), Retail

Trade(Household Appliance) and Retail Trade, General Merchandise decreased.

1 2 3 4 5 6 7 8 9 10 11 12

2014

▲ 20

▲ 15

▲ 10

▲ 5

0

5

10

15Other Retail Trade

Retail Trade(Fuel Stores)

Retail Trade(Household Appliance)

Retail Trade(Motor Vehicles)

Retail Trade(Food and Beverages)

Retail Trade(Dry Goods, Appareland Apparel Accessories)

Retail Trade, General Merchandise

Retail Trade

(Seasonally adjusted, Compared to the previous month, %, %points)

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Trends of Indices of Broad-ranging Business Services and Industrial Production

Note: The shadowed portions represent recession periods. The term from May to November in 2012 is provisional.

75

80

85

90

95

100

105

110

115

120

75

80

85

90

95

100

105

110

1 3 5 7 9 11 1 3 5 7 9 11 1 3 5 7 9 11 1 3 5 7 9 11 1 3 5 7 9 11 1 3 5 7 9 11 1 3 5 7 9 11

2008 2009 2010 2011 2012 2013 2014

Broad-ranging Business ServicesIndustrial Production (right)

（2005＝100, seasonally adjusted） （2010＝100, seasonally adjusted）

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• The index of tertiary industry activity for 2014 decreased by 0.8% from the previous year.

• By type of business, activities such as Wholesale and Retail Trade, Scientific Research, Professional and Technical Services, Real Estate and Goods Rental and Leasing decreased.

Contribution ratio by business of Indices of Tertiary Industry Activity

2008 2009 2010 2011 2012 2013 2014▲ 6

▲ 5

▲ 4

▲ 3

▲ 2

▲ 1

0

1

2

Electricity, Gas, Heat Supply and WaterInformation and CommunicationsTransport and Postal ActivitiesWholesale and Retail TradeFinance and InsuranceReal Estate and Goods Rental and LeasingScientific Research, Professional and Technical ServicesAccommodations, Eating and Drinking ServicesLiving-Related and Personal Services and Amusement ServicesLearning SupportMedical, Health Care and WelfareCompound ServicesMiscellaneous Services (Except Government Services etc.)Indices of Tertiary Industry Activity

（year）

（Compared to the previous year, %, %points）

8

• The index of tertiary industry activity for the fourth quarter of 2014 increased by 0.6% from the previous quarter.

• By type of business, activities such as Finance and Insurance, Information and Communications, Electricity, Gas, Heat Supply and Water, increased.

Contribution ratio by business of Indices of Tertiary Industry Activity

Ⅰ Ⅱ Ⅲ Ⅳ Ⅰ Ⅱ Ⅲ Ⅳ Ⅰ Ⅱ Ⅲ Ⅳ Ⅰ Ⅱ Ⅲ Ⅳ Ⅰ Ⅱ Ⅲ Ⅳ Ⅰ Ⅱ Ⅲ Ⅳ Ⅰ Ⅱ Ⅲ Ⅳ

2008 2009 2010 2011 2012 2013 2014

▲ 6

▲ 5

▲ 4

▲ 3

▲ 2

▲ 1

0

1

2

Electricity, Gas, Heat Supply and WaterInformation and CommunicationsTransport and Postal ActivitiesWholesale and Retail TradeFinance and InsuranceReal Estate and Goods Rental and LeasingScientific Research, Professional and Technical ServicesAccommodations, Eating and Drinking ServicesLiving-Related and Personal Services and Amusement ServicesLearning SupportMedical, Health Care and WelfareCompound ServicesMiscellaneous Services (Except Government Services etc.)Indices of Tertiary Industry Activity

（quarter／year）

（Seasonally adjusted, Compared to the previous quarter, %, %points）