Tertiary Index Up in April
Today the Minstry of Economy, Trade and Industry announced that the May index of tertiary industry activity (i.e., most of the economy, excluding agriculture, construction, and manufacturing) rose 0.5% from April's level to 109.1 (Year 2000=100). It was the second-highest level on record, and up 3.3% year over year. It was the thirty-thrid straight month of improvement.