Japan revises down coincident index for April-Xinhua

Japan revises down coincident index for April

Source: Xinhua

Editor: huaxia

2023-06-26 19:56:00

TOKYO, June 26 (Xinhua) -- The Japanese government on Monday revised the composite index of coincident economic indicators down for April.

The revised coincident index, which reflects current economic conditions, stood at 97.3 against 100 for the base year of 2015, down from 99.4 in the preliminary report announced earlier this month, according to the Cabinet Office.

The index was up 0.1 points from the previous month, compared with the preliminary reading of an increase of 0.2 points.

A rise in the coincident index indicates an expansion of economic activity and a decline alludes to a contraction.

The leading index, a yardstick for the economy's performance months ahead, came in as 96.8, unchanged from the previous month. In the preliminary report, the index rose 0.7 points to 97.6.