— Japan Nov Prelim Coincident CI -1.1 Pt M/M; MNI F’cast -1.0 Pt
— Japan Govt Repeats CI Shows Economy Has Stopped Falling
— Japan Nov Prelim Leading CI +0.9 Pt M/M; MNI F’cast +1.0 Pt
TOKYO (MNI) – Japan’s coincident composite index (CI), which
reflects current business conditions, fell 1.1 points to 90.3 in
November on declines in industrial output and shipments as well as
retail sales, preliminary Cabinet Office data showed on Wednesday.
The coincident CI posted the first drop in two months after rising
1.3 points in October on higher industrial production.
The consensus forecast among economists polled by Market News
International was for a 1.0-point rise.
In November, six out of the 11 sub-indexes comprising the
coincident index fell.
The Cabinet Office maintained its overall assessment, saying that
the composite index “indicates that the economy has stopped falling.”
The composite index was set at 100 in the 2005 base year.
Other details from the latest data follow:
The leading composite index, which measures the state of the
economy three months ahead: Nov 92.9 (+0.9 point m/m) vs. Oct 92.0 (-0.3
point), posting the first rise in four months.
The lagging CI, which reflects economic conditions three months
ago: Nov 82.8 (+0.1 point m/m) vs. Oct 82.7 (-3.0 points), marking the
first rise in two months.
tokyo@marketnews.com
** Market News International Tokyo Newsroom: 81-3-5403-4835 **
[TOPICS: M$J$$$,M$A$$$,MAJDS$]
