Bank of Japan : Services Producer Price Index (Apr.)

Bank of Japan

Research and Statistics Department

FOR RELEASE 8:50 A.M.

Tuesday, May 26, 2020

Monthly Report on the Services Producer Price Index

( Preliminary Figures for April 2020 )

The Services Producer Price Index (All items ) rose 0.9 percent from the previous year.

									CY2015 = 100, %
				All items
								(Ref.) All items
							(excluding International transportation)
			Index	Yearly		Monthly	Index	Yearly		Monthly
			change		change	change		change
CY	2017		101.0	0.7		-	101.1	0.7		-
	2018		102.2	1.2		-	102.2	1.1		-
	2019		103.3	1.1		-	103.3	1.1		-
	2019/ Mar.		103.2	1.1		0.7	103.2	1.1		0.7
	Apr.		103.1	1.0		-0.1	103.1	0.9		-0.1
	May		102.8	0.9		-0.3	102.9	1.0		-0.2
	June		102.7	0.7		-0.1	102.7	0.7		-0.2
	July		102.8	0.5		0.1	102.8	0.5		0.1
	Aug.		102.8	0.5		0.0	102.8	0.5		0.0
	Sep.		102.8	0.5		0.0	102.8	0.6		0.0
	Oct.		104.8	2.0		1.9	104.8	2.1		1.9
	Nov.		105.0	2.0		0.2	105.0	2.1		0.2
	Dec.		105.0	2.1		0.0	105.0	2.1		0.0
	2020/ Jan.		104.7	2.3		-0.3	104.6	2.2		-0.4
	Feb.		104.7	2.1		0.0	104.7	2.1		0.1
	Mar.	r	104.9	1.6	r	0.2	104.9	1.6		0.2
	Apr.		104.1	1.0		-0.8	104.0	0.9		-0.9
Preliminary Figures

Notes: 1. "International transportation" consists of the following 5 items (the same applies to the following pages) :

Notes: 1. "International air passenger transportation," "Ocean freight transportation (except Ocean tankers)," "Ocean tankers,"

Notes: 1. "International air freight transportation," and "International mail services."

Notes: 2. r: revised figures

( Developments in Price Index )

108	(CY2015 = 100)
	Services Producer Price Index
106		Services Producer Price Index
		Producer Price Index
104
102
100
98
96
94	CY 2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020
						1

(All items and the details contributing to the monthly differences of yearly changes in April)

	Monthly	Yearly change (%)
	difference of
	yearly changes	Mar.	Apr.
	(%point)
All items	-0.6	1.6	1.0

▽Details contributing to the monthly differences of yearly changes in April

		Monthly	Yearly change (%)
		differences of
	Major groups・Subgroups	contribution			Items
		to yearly changes	Mar.	Apr.
		(%point)
－: Advertising services	-0.27	-5.2	-10.9
	－: Television advertising	-0.24	-11.2	-24.3	Television advertising (spot advertising), Television advertising
	(program sponsorships)
	－: Newspaper advertising	-0.02	2.7	-1.0	Newspaper advertising
	－: Magazine advertising	-0.01	6.3	-4.8	Magazine advertising
	－: Other advertising services	-0.01	2.3	1.5	Free newspaper and magazine advertising
－: Other services	-0.15	1.8	1.4
	－: Hotels	-0.17	-20.8	-34.3	Hotels
	－: Building maintenance	-0.02	2.7	2.2	Building cleaning services, Facility management services
	－: Waste disposal	-0.02	3.9	2.7	Industrial waste disposal
	－: Security services	-0.01	4.0	3.3	Security services (except Alarm monitoring services)
	－: Call centers	-0.01	3.5	1.7	Call centers
					Dispatch of clerical and sales workers, Dispatch of professional
	＋: Worker dispatching services	0.04	3.4	4.2	and engineering workers, Dispatch of manufacturing and logistics
					workers
	＋: Other technical services	0.02	1.6	2.8	Plant engineering
	＋: Machinery repair and maintenance	0.01	1.6	1.9	Machinery repair and maintenance (except Electric & electronic
	products)
－: Real estate services	-0.14	2.6	1.2
	－: Other space rental	-0.13	0.6	-2.4	Sales space rental, Hotel rental
	Real estate agency and management
	－: services	-0.01	2.9	2.7	Real estate agency and management services
－: Leasing and rental	-0.02	1.7	1.4
	－: Leasing	-0.01	1.6	1.3	Car leasing, Communications equipment leasing, Industrial
	machinery leasing
	－: Rental	-0.01	2.0	1.6	Construction machinery and equipment rental
－: Information and communications	-0.02	1.8	1.7
	－: Internet based services	-0.05	1.1	-1.7	Web portals, Internet support services
	Information processing and				Entrusted computing services (except Cloud application),
	－: information providing services	-0.01	2.2	2.0	Database provision services
	＋: Access charges	0.04	-2.6	-0.3	Access charges
－: Finance and insurance	-0.02	1.5	1.2
	－: Financial services (commission)	-0.01	2.5	2.1	Commissions from securities services
＋: Transportation and postal activities	0.06	2.4	2.7
	＋: International air freight transportation	0.07	-9.7	65.9	International air freight transportation*
	＋: Ocean freight transportation	0.04	6.6	11.6	Ocean tankers*
	Coastal and inland water freight				Coastal and inland water ferries (motor vehicle carriers only),
	＋: transportation	0.02	2.7	6.2	RORO ships
	＋: Domestic air freight transportation	0.01	-0.8	32.2	Domestic air freight transportation
	－: Road freight transportation	-0.04	3.0	2.3	Door-to-door parcel delivery, Motor freight transportation
	(Mineral and chemical products)
	－: Domestic air passenger transportation	-0.03	-1.1	-5.9	Domestic air passenger transportation

▽Contribution of each Major group to the yearly change in April

	Major groups	Contribution to	Subgroups
	yearly change**
		(%point)
All items	1.00
	Other services	0.50	Worker dispatching services, Building maintenance, Civil engineering and
	architectural services
	Transportation and postal activities	0.43	Road freight transportation, Ocean freight transportation, International air freight
	transportation
	Information and communications	0.37	Software development, Information processing and information providing services,
	Fixed telecommunications services
	Leasing and rental	0.11	Leasing, Rental
	Real estate services	0.10	Office space rental, Real estate agency and management services
	Finance and insurance	0.06	Financial services (commission)
	Advertising services	-0.55	Television advertising, Internet advertising, Magazine advertising

Notes: 1. "Monthly differences of yearly changes" is obtained by subtracting yearly changes of previous month from those of present month.

Notes: 2. * : "International transportation"

Notes: 3. ** : The figure of "All items" is yearly change and not contribution to yearly change.

2

Services Producer Price Index

( Preliminary Figures for April 2020 )

( Indexes of Major Groups and Subgroups )								CY2015 = 100, %
		Weight	Index	Previous	Yearly	Previous	Monthly	Previous
		month	change	month	change	month
	All items	1,000.0	104.1	r 104.9	1.0		1.6	-0.8	r	0.2
	Finance and insurance	48.3	102.6	r 102.9	1.2	r	1.5	-0.3	r	-0.1
	Financial services (commission)	34.7	102.9	r 103.3	2.1	r	2.5	-0.4	r	-0.1
	Property and casualty insurance services	13.6	101.7		101.9	-1.3		-1.2	-0.2		-0.1
	Real estate services	94.5	105.5	r 107.0	1.2	r	2.6	-1.4	r	0.1
	Real estate agency and management services	23.9	108.3	r 108.4	2.7	r	2.9	-0.1	r	0.0
	Office space rental	26.5	113.9		113.7	5.3		5.4	0.2		0.4
	Other space rental	44.1	98.9	r 102.3	-2.4	r	0.6	-3.3	r	0.0
	Transportation and postal activities	158.0	106.7	r 106.3	2.7	r	2.4	0.4	r	0.5
	Railroad passenger transportation	19.8	102.9		102.9	2.7		2.7	0.0		1.0
	Road passenger transportation	9.7	105.5		105.9	3.5		3.8	-0.4		0.0
	Water passenger transportation	0.3	105.4		102.5	5.1		2.0	2.8		0.0
	International air passenger transportation	1.2	98.2	r	97.5	-11.1	r	-14.2	0.7	r	-5.9
	Domestic air passenger transportation	6.0	94.9	r 103.4	-5.9	r	-1.1	-8.2	r	5.7
	Railroad freight transportation	0.9	108.2		107.8	1.7		5.3	0.4		-0.6
	Road freight transportation	55.0	110.6	r 110.6	2.3	r	3.0	0.0	r	-0.1
	Ocean freight transportation	7.6	112.2	r 107.8	11.6	r	6.6	4.1	r	2.1
	Coastal and inland water freight transportation	5.0	108.9	r 106.7	6.2	r	2.7	2.1	r	0.3
	Marine cargo handling	7.4	100.9		100.9	0.4		0.7	0.0		0.0
	International air freight transportation	1.0	151.5	r	82.3	65.9	r	-9.7	84.1	r	12.9
	Domestic air freight transportation	0.4	133.7		101.0	32.2		-0.8	32.4		1.4
	Warehousing and storage	13.0	101.1		101.1	1.2		1.2	0.0		0.0
	Packing for freight	6.3	103.0		103.0	2.0		2.6	0.0		0.0
	Toll roads	10.6	103.9		103.9	1.9		2.3	0.0		0.0
	Services relating to water transport	0.4	100.5		100.5	0.0		0.0	0.0		0.0
	Airport & air traffic control and services relating	3.9	105.0		105.0	1.3		1.9	0.0		0.0
	to air transport
	Postal services and mail delivery	9.5	109.3		109.3	1.7		1.7	0.0		0.0
	Information and communications	228.3	102.6		102.8	1.7		1.8	-0.2		0.0
	Fixed telecommunications services	24.1	101.7		101.6	1.7		1.6	0.1		0.0
	Mobile telecommunications services	16.5	91.2		91.2	-1.7		-2.0	0.0		0.0
	Access charges	16.2	94.7		95.3	-0.3		-2.6	-0.6		0.0
	Broadcasting services	2.5	101.1		101.1	2.0		1.2	0.0		0.0
	Software development	75.0	107.8		107.6	3.2		3.2	0.2		0.1
	Information processing and information	54.1	102.2		102.2	2.0		2.2	0.0		0.0
	providing services
	Internet based services	19.6	100.4	r 102.7	-1.7	r	1.1	-2.2	r	-0.6
	Video picture information production	8.0	100.2		100.1	2.0		1.4	0.1		0.0
	Newspapers	4.5	104.8		104.8	1.7		2.6	0.0		0.0
	Publishing	7.8	105.9		105.8	2.2		2.7	0.1		0.0
Note: r: revised figures							( Continued on the following page )

3

( Indexes of Major Groups and Subgroups )

CY2015 = 100, %

		Weight
	Leasing and rental	79.2
	Leasing	54.3
	Rental	24.9
	Advertising services	49.2
	Television advertising	19.2
	Newspaper advertising	4.1
	Magazine advertising	1.3
	Leaflet advertising	4.1
	Internet advertising	10.9
	Other advertising services	9.6
	Other services	342.5
	Sewage disposal	9.0
	Waste disposal	17.9
	Motor vehicle repair and maintenance	23.3
	Machinery repair and maintenance	42.9
	Legal and accounting services	38.1
	Other professional services	3.3
	Civil engineering and architectural services	29.8
	Commodity inspection, non-destructive testing	6.6
	and surveyor certification services
	Other technical services	19.8
	Employment services	5.6
	Worker dispatching services	41.1
	Training and development services	4.2
	Health and hygiene	6.9
	Building maintenance	49.0
	Security services	16.9
	Call centers	4.0
	Hotels	10.0
	Meal supply services	6.2
	Laundry services	7.9

Index	Previous	Yearly	Previous	Monthly	Previous
month	change	month	change	month
100.8	100.8	1.4		1.7	0.0		-0.5
100.8	100.8	1.3		1.6	0.0		-0.6
100.7	100.8	1.6		2.0	-0.1		-0.2
94.4	r 106.5	-10.9	r	-5.2	-11.4	r	5.0
79.3	r 100.6	-24.3	r	-11.2	-21.2	r	8.1
100.5	r 111.9	-1.0	r	2.7	-10.2	r	6.5
88.2	r 107.5	-4.8	r	6.3	-18.0	r	6.6
103.9	103.7	2.4		2.2	0.2		0.0
104.6	r 115.2	-7.7	r	-7.1	-9.2	r	5.1
107.1	107.0	1.5		2.3	0.1		0.6
106.0	r 106.0	1.4	r	1.8	0.0	r	-0.2
101.9	101.9	1.9		1.9	0.0		0.0
107.0	106.9	2.7		3.9	0.1		0.0
103.2	103.2	2.5		2.5	0.0		0.0
103.5	r 103.5	1.9	r	1.6	0.0	r	0.1
100.0	100.0	1.9		1.9	0.0		0.0
104.3	104.2	1.6		1.9	0.1		0.2
118.3	r 119.4	3.1	r	2.9	-0.9	r	2.5
103.9	r 104.2	2.1	r	2.3	-0.3	r	0.2
103.4	r 103.2	2.8	r	1.6	0.2	r	0.5
111.8	111.8	4.8		4.1	0.0		0.3
113.4	112.0	4.2		3.4	1.3		-0.1
103.7	103.7	2.1		2.1	0.0		0.0
104.1	104.1	1.9		1.9	0.0		0.0
104.9	104.8	2.2		2.7	0.1		0.0
117.3	116.3	3.3		4.0	0.9		0.1
105.5	105.5	1.7		3.5	0.0		0.0
76.2	r 83.8	-34.3	r	-20.8	-9.1	r	-16.5
104.3	r 104.2	2.1	r	2.1	0.1	r	0.1
103.6	103.6	2.3		2.4	0.0		0.0

Note: r: revised figures
( References and Reference Indexes )								CY2015 = 100, %
		Weight	Index	Previous	Yearly	Previous	Monthly	Previous
		month	change	month	change	month
	All items (excluding International transportation)	989.5	104.0		104.9	0.9		1.6	-0.9		0.2
	Transportation and postal activities	147.5	106.2	r 106.4	2.0	r	2.3	-0.2	r	0.3
	(excluding International transportation)
	International transportation	10.5	113.9	r 104.0	12.8	r	2.2	9.5	r	1.8
	Intellectual properties licensing (export)		89.6	r	90.2	-5.4	r	-4.4	-0.7	r	-2.8
	Intellectual properties licensing (import)		86.7	r	87.4	-4.0	r	0.2	-0.8	r	-1.2

Note: r: revised figures

4

Indexes of Major Groups (Time-Series Data)

										CY2015 = 100, %
		All items		Finance and insurance	Real estate services	Transportation and postal
			activities
				Yearly			Yearly		Yearly			Yearly
				change			change		change			change
Weight	1,000.0		――	48.3		――	94.5	――	158.0		――
CY	2017	101.0		0.7	101.1		0.4	102.4	1.4	100.2		1.4
	2018	102.2		1.2	101.2		0.1	103.6	1.2	102.7		2.5
	2019	103.3		1.1	101.8		0.6	104.9	1.3	104.4		1.7
FY	2017	101.3		0.9	101.1		0.3	102.7	1.4	100.6		1.6
	2018	102.4		1.1	101.3		0.2	103.8	1.1	103.2		2.6
	2019	103.8		1.4	102.2		0.9	105.7	1.8	105.1		1.8
2019/ Q2	102.9		0.9	101.4		0.4	104.3	1.0	103.7		1.4
	Q3	102.8		0.5	101.4		0.2	104.3	0.4	104.4		0.9
	Q4	104.9		2.0	103.0		1.6	107.2	3.1	106.2		2.3
2020/ Q1	104.8		2.0	103.0		1.6	107.1	3.1	106.0		2.6
2019/ Mar.	103.2		1.1	101.4		0.4	104.3	0.8	103.8		2.2
	Apr.	103.1		1.0	101.4		0.4	104.3	1.0	103.9		1.9
	May	102.8		0.9	101.4		0.3	104.4	1.1	103.7		1.3
	June	102.7		0.7	101.4		0.4	104.3	1.0	103.4		1.0
	July	102.8		0.5	101.5		0.3	104.3	0.4	104.3		0.9
	Aug.	102.8		0.5	101.4		0.2	104.4	0.3	104.8		0.7
	Sep.	102.8		0.5	101.4		0.1	104.3	0.7	104.1		1.0
	Oct.	104.8		2.0	102.8		1.4	106.6	2.9	106.3		2.2
	Nov.	105.0		2.0	102.9		1.5	107.1	3.2	105.9		2.2
	Dec.	105.0		2.1	103.2		1.9	107.9	3.2	106.4		2.4
2020/ Jan.	104.7		2.3	103.1		1.7	107.4	3.4	106.0		2.9
	Feb.	104.7		2.1	103.0		1.5	106.9	3.4	105.8		2.6
	Mar.	104.9		1.6	102.9		1.5	107.0	2.6	106.3		2.4
	Apr.	104.1		1.0	102.6		1.2	105.5	1.2	106.7		2.7
		Information and		Leasing and rental		Advertising services	Other services
		communications
				Yearly			Yearly		Yearly			Yearly
				change			change		change			change
Weight	228.3		――	79.2		――	49.2	――	342.5		――
CY	2017	100.2		0.1	99.1		-0.4	101.9	0.9	101.9		1.1
	2018	101.0		0.8	99.2		0.1	102.9	1.0	103.1		1.2
	2019	101.4		0.4	99.6		0.4	103.5	0.6	104.7		1.6
FY	2017	100.3		0.1	99.1		-0.3	102.4	0.9	102.1		1.1
	2018	101.0		0.7	99.2		0.1	103.4	1.0	103.4		1.3
	2019	101.9		0.9	100.0		0.8	102.8	-0.6	105.3		1.8
2019/ Q2	100.9		-0.2	99.3		0.3	103.2	1.5	104.4		1.3
	Q3	100.9		-0.3	98.9		-0.2	99.7	-0.3	104.4		1.2
	Q4	102.9		1.9	100.9		1.5	105.1	-0.9	106.3		2.5
2020/ Q1	102.8		1.9	101.0		1.8	103.2	-2.5	106.1		2.2
2019/ Mar.	101.0		0.5	99.1		0.1	112.3	2.1	104.1		1.5
	Apr.	100.9		-0.2	99.4		0.4	105.9	2.2	104.5		1.4
	May	101.0		0.0	99.5		0.4	101.5	1.8	104.4		1.4
	June	100.9		-0.2	99.1		0.2	102.3	0.6	104.2		1.1
	July	100.9		-0.2	98.8		-0.4	101.3	0.4	104.3		1.1
	Aug.	100.9		-0.4	98.8		-0.3	97.1	-0.1	104.5		1.2
	Sep.	101.0		-0.3	99.0		0.0	100.7	-1.1	104.3		1.1
	Oct.	103.0		2.0	100.9		1.4	102.8	-1.3	106.3		2.6
	Nov.	102.7		1.7	101.0		1.6	107.1	-0.5	106.5		2.6
	Dec.	102.9		1.9	100.8		1.6	105.4	-0.9	106.1		2.4
2020/ Jan.	102.8		2.1	101.0		1.9	101.7	-1.1	106.1		2.6
	Feb.	102.8		1.9	101.3		1.8	101.4	-1.0	106.2		2.3
	Mar.	102.8		1.8	100.8		1.7	106.5	-5.2	106.0		1.8
	Apr.	102.6		1.7	100.8		1.4	94.4	-10.9	106.0		1.4

Note: "Q1" = January to March, "Q2" = April to June, "Q3" = July to September, and "Q4" = October to December

The next monthly report will be released on Wednesday, June 24, 2020.

5

Reference: Wholesale Services Price Index

( Preliminary Figures for the First Quarter of CY2020 )

CY2015 = 100, %

			Weight	Index		Previous	Yearly		Previous	Quarterly		Previous
				quarter	change		quarter	change		quarter
		All items including Wholesale	1,239.6	104.3	r	104.5	2.1	r	2.4	-0.2	r	2.3
		trade
		Wholesale trade	239.6	102.5	r	102.5	2.4	r	3.2	0.0	r	2.7
		Wholesale trade	11.5	104.3	r	104.9	4.1	r	3.2	-0.6	r	2.2
		(Textile and apparel)
		Wholesale trade	45.7	99.8		99.0	-1.2		-0.5	0.8	r	0.3
		(Food and beverages)
		Wholesale trade	63.0	106.1	r	104.3	5.0	r	2.8	1.7	r	5.2
		(Building materials, minerals &
		metals, etc.)
		Wholesale trade	63.9	100.4	r	100.8	5.7	r	4.1	-0.4	r	1.2
		(Machinery and equipment)
		Wholesale trade	55.5	102.6		104.7	-1.3	r	5.7	-2.0		3.5
		(Miscellaneous goods)
Note: r: revised figures

( Developments in Price Index )

108	(CY2015 = 100)

108	(CY2015 = 100)

106

104

102

100

Services Producer Price Index

Wholesale Services Price Index

Wholesale Services Price Index

106

104

102

100

98

96

94

CY 2015

2016

2017

2018

2019

	98
	96
	94
2020	CY 2015	2016	2017	2018	2019	2020
	6

(Special Table) Services Producer Price Index excluding Consumption Tax

									CY2015 = 100, %
				All items
								(Ref.) All items
							(excluding International transportation)
				Yearly		Monthly		Yearly		Monthly
		Index			(Quarterly)	Index		(Quarterly)
			change		change
					change			change
2018/ Q4		102.8		1.3		0.5	102.7	1.2		0.4
2019/ Q1		102.7		1.1		-0.1	102.7	1.1		0.0
Q2		102.9		0.9		0.2	102.9	0.9		0.2
Q3		102.8		0.5		-0.1	102.8	0.5		-0.1
Q4		103.1		0.3		0.3	103.1	0.4		0.3
2020/ Q1		102.9		0.2		-0.2	102.9	0.2		-0.2
2019/ Mar.		103.2		1.1		0.7	103.2	1.1		0.7
Apr.		103.1		1.0		-0.1	103.1	0.9		-0.1
May		102.8		0.9		-0.3	102.9	1.0		-0.2
June		102.7		0.7		-0.1	102.7	0.7		-0.2
July		102.8		0.5		0.1	102.8	0.5		0.1
Aug.		102.8		0.5		0.0	102.8	0.5		0.0
Sep.		102.8		0.5		0.0	102.8	0.6		0.0
Oct.		103.0		0.3		0.2	103.0	0.4		0.2
Nov.		103.2		0.3		0.2	103.2	0.4		0.2
Dec.		103.2		0.4		0.0	103.1	0.3		-0.1
2020/ Jan.		102.9		0.6		-0.3	102.8	0.5		-0.3
Feb.		102.8	r	0.3		-0.1	102.8	0.3		0.0
Mar.	r	103.1	-0.1	r	0.3	103.0	-0.2		0.2
Apr.		102.3		-0.8		-0.8	102.2	-0.9		-0.8
Preliminary Figures

Notes: 1. "Q1" = January to March, "Q2" = April to June, "Q3" = July to September, and "Q4" = October to December

Notes: 2. r: revised figures

( Developments in Price Index )

108	(CY2015 = 100)
		Services Producer Price Index excluding Consumption Tax
106		Services Producer Price Index
104
102
100
98
96
94	CY 2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020

7

(Special Table) Services Producer Price Index excluding Consumption Tax

(All items and the details contributing to the monthly differences of yearly changes in April)

	Monthly	Yearly change (%)
	difference of
	yearly changes	Mar.	Apr.
	(%point)
All items	-0.7	-0.1	-0.8

▽Details contributing to the monthly differences of yearly changes in April

		Monthly differences	Yearly change (%)
	Major groups・Subgroups	of contribution			Items
	to yearly changes	Mar.	Apr.
		(%point)
－: Advertising services	-0.26	-6.9	-12.5
	－: Television advertising	-0.23	-12.8	-25.6	Television advertising (spot advertising), Television
					advertising (program sponsorships)
	－: Newspaper advertising	-0.01	0.7	-2.8	Newspaper advertising
	－: Magazine advertising	-0.01	4.4	-6.5	Magazine advertising
	－: Other advertising services	-0.01	0.4	-0.3	Free newspaper and magazine advertising
－: Other services	-0.16	0.0	-0.4
	－: Hotels	-0.17	-22.2	-35.5	Hotels
	－: Building maintenance	-0.02	0.9	0.4	Building cleaning services, Facility management services
	－: Waste disposal	-0.02	1.9	0.9	Industrial waste disposal
	－: Security services	-0.01	2.1	1.5	Security services (except Alarm monitoring services)
	－: Call centers	-0.01	1.7	-0.1	Call centers
					Dispatch of clerical and sales workers, Dispatch of
	＋: Worker dispatching services	0.04	1.5	2.4	professional and engineering workers, Dispatch of
					manufacturing and logistics workers
	＋: Other technical services	0.02	-0.2	0.9	Plant engineering
	＋: Machinery repair and maintenance	0.01	-0.3	0.0	Machinery repair and maintenance (except Electric &
	electronic products)
	＋: Civil engineering and architectural services	0.01	1.0	1.2	Architectural design services, Surface surveying
－: Real estate services	-0.14	0.8	-0.7
	－: Other space rental	-0.13	-1.3	-4.1	Sales space rental, Hotel rental
	－: Real estate agency and management services	-0.01	1.1	0.8	Real estate agency and management services
－: Leasing and rental	-0.02	-0.1	-0.5
	－: Leasing	-0.01	-0.3	-0.5	Car leasing, Communications equipment leasing, Industrial
	machinery leasing
	－: Rental	-0.01	0.2	-0.3	Construction machinery and equipment rental
－: Information and communications	-0.02	-0.1	-0.1
	－: Internet based services	-0.05	-0.7	-3.3	Web portals, Internet support services
	Information processing and information				Entrusted computing services (except Cloud application),
	－: providing services	-0.01	0.4	0.2	Database provision services
	＋: Access charges	0.04	-4.3	-2.1	Access charges
－: Finance and insurance	-0.02	0.4	0.1
	－: Financial services (commission)	-0.01	0.9	0.6	Commissions from securities services
＋: Transportation and postal activities	0.06	0.8	1.2
	＋: International air freight transportation	0.07	-9.7	65.9	International air freight transportation*
	＋: Ocean freight transportation	0.04	6.6	11.6	Ocean tankers*
	Coastal and inland water freight				Coastal and inland water ferries (motor vehicle carriers
	＋: transportation	0.02	0.8	4.3	only), RORO ships
	＋: Domestic air freight transportation	0.01	-2.7	29.9	Domestic air freight transportation
	－: Road freight transportation	-0.04	1.2	0.5	Door-to-door parcel delivery, Motor freight transportation
	(Mineral and chemical products)
	－: Domestic air passenger transportation	-0.03	-3.0	-7.7	Domestic air passenger transportation

▽Contribution of each Major group to the yearly change in April

	Major groups	Contribution to	Subgroups
	yearly change**
		(%point)
All items	-0.80
	Advertising services	-0.63	Television advertising, Internet advertising, Newspaper advertising
	Other services	-0.14	Hotels, Other professional services, Call centers
	Real estate services	-0.07	Other space rental
	Information and communications	-0.04	Internet based services, Mobile telecommunications services, Access charges
	Leasing and rental	-0.03	Leasing, Rental
	Finance and insurance	0.00
	Transportation and postal activities	0.18	Ocean freight transportation, International air freight transportation, Road
	freight transportation
Notes:	1. "Monthly differences of yearly changes" is obtained by	subtracting yearly changes	of previous month from those of present month.

Notes: 2. * : "International transportation"

Notes: 3. ** : The figure of "All items" is yearly change and not contribution to yearly change.

8

(Special Table) Services Producer Price Index excluding Consumption Tax

Indexes of Major Groups (Time-Series Data)

										CY2015 = 100, %
		All items		Finance and insurance	Real estate services	Transportation and postal
			activities
				Yearly			Yearly		Yearly			Yearly
				change			change		change			change
Weight	1,000.0		――	48.3		――	94.5	――	158.0		――
CY	2017	101.0		0.7	101.1		0.4	102.4	1.4	100.2		1.4
	2018	102.2		1.2	101.2		0.1	103.6	1.2	102.7		2.5
	2019	102.9		0.7	101.5		0.3	104.4	0.8	104.0		1.3
FY	2017	101.3		0.9	101.1		0.3	102.7	1.4	100.6		1.6
	2018	102.4		1.1	101.3		0.2	103.8	1.1	103.2		2.6
	2019	102.9		0.5	101.7		0.4	104.8	1.0	104.3		1.1
2019/ Mar.	103.2		1.1	101.4		0.4	104.3	0.8	103.8		2.2
	Apr.	103.1		1.0	101.4		0.4	104.3	1.0	103.9		1.9
	May	102.8		0.9	101.4		0.3	104.4	1.1	103.7		1.3
	June	102.7		0.7	101.4		0.4	104.3	1.0	103.4		1.0
	July	102.8		0.5	101.5		0.3	104.3	0.4	104.3		0.9
	Aug.	102.8		0.5	101.4		0.2	104.4	0.3	104.8		0.7
	Sep.	102.8		0.5	101.4		0.1	104.3	0.7	104.1		1.0
	Oct.	103.0		0.3	101.7		0.3	104.7	1.1	104.7		0.7
	Nov.	103.2		0.3	101.8		0.4	105.1	1.3	104.2		0.6
	Dec.	103.2		0.4	102.1		0.8	105.9	1.2	104.7		0.8
2020/ Jan.	102.9		0.6	102.0		0.6	105.5	1.5	104.4		1.4
	Feb.	102.8		0.3	101.9		0.4	104.9	1.5	104.2		1.1
	Mar.	103.1		-0.1	101.8		0.4	105.1	0.8	104.6		0.8
	Apr.	102.3		-0.8	101.5		0.1	103.6	-0.7	105.1		1.2
		Information and		Leasing and rental		Advertising services	Other services
		communications
				Yearly			Yearly		Yearly			Yearly
				change			change		change			change
Weight	228.3		――	79.2		――	49.2	――	342.5		――
CY	2017	100.2		0.1	99.1		-0.4	101.9	0.9	101.9		1.1
	2018	101.0		0.8	99.2		0.1	102.9	1.0	103.1		1.2
	2019	100.9		-0.1	99.1		-0.1	103.0	0.1	104.2		1.1
FY	2017	100.3		0.1	99.1		-0.3	102.4	0.9	102.1		1.1
	2018	101.0		0.7	99.2		0.1	103.4	1.0	103.4		1.3
	2019	100.9		-0.1	99.1		-0.1	101.9	-1.5	104.3		0.9
2019/ Mar.	101.0		0.5	99.1		0.1	112.3	2.1	104.1		1.5
	Apr.	100.9		-0.2	99.4		0.4	105.9	2.2	104.5		1.4
	May	101.0		0.0	99.5		0.4	101.5	1.8	104.4		1.4
	June	100.9		-0.2	99.1		0.2	102.3	0.6	104.2		1.1
	July	100.9		-0.2	98.8		-0.4	101.3	0.4	104.3		1.1
	Aug.	100.9		-0.4	98.8		-0.3	97.1	-0.1	104.5		1.2
	Sep.	101.0		-0.3	99.0		0.0	100.7	-1.1	104.3		1.1
	Oct.	101.1		0.1	99.0		-0.5	100.9	-3.2	104.4		0.8
	Nov.	100.8		-0.2	99.1		-0.3	105.2	-2.2	104.5		0.7
	Dec.	101.0		0.0	98.9		-0.3	103.5	-2.7	104.2		0.6
2020/ Jan.	101.0		0.3	99.1		0.0	99.8	-2.9	104.2		0.8
	Feb.	100.9		0.0	99.4		-0.1	99.6	-2.7	104.3		0.5
	Mar.	100.9		-0.1	99.0		-0.1	104.5	-6.9	104.1		0.0
	Apr.	100.8		-0.1	98.9		-0.5	92.7	-12.5	104.1		-0.4

9

Reference: Wholesale Services Price Index excluding Consumption Tax

( Preliminary Figures for the First Quarter of CY2020 )

CY2015 = 100, %

			Weight	Index		Previous	Yearly		Previous	Quarterly		Previous
				quarter	change		quarter	change		quarter
		All items including Wholesale	1,239.6	102.5		102.7	0.3		0.6	-0.2		0.5
		trade
		Wholesale trade	239.6	100.9	r	100.9	0.8	r	1.6	0.0	r	1.1
		Wholesale trade	11.5	102.5	r	103.0	2.3	r	1.4	-0.5	r	0.4
		(Textile and apparel)
		Wholesale trade	45.7	99.5		98.8	-1.5		-0.7	0.7	r	0.1
		(Food and beverages)
		Wholesale trade
		(Building materials, minerals &	63.0	104.2	r	102.4	3.2	r	0.9	1.8	r	3.3
		metals, etc.)
		Wholesale trade	63.9	98.6	r	99.0	3.8		2.3	-0.4	r	-0.6
		(Machinery and equipment)
		Wholesale trade	55.5	100.8		102.8	-3.0	r	3.7	-1.9		1.6
		(Miscellaneous goods)

Note: r: revised figures

( Developments in Price Index )

108

(CY2015 = 100)

Services Producer Price Index excluding Consumption Tax

108

(CY2015 = 100)

Wholesale Services Price Index excluding Consumption Tax

106

Wholesale Services Price Index excluding Consumption Tax

104

106

104

Wholesale Services Price Index

102					102
100					100
98					98
96					96
94					94
CY 2015	2016	2017	2018	2019	2020	CY 2015	2016	2017	2018	2019	2020

10