— Japan Mar Coincident Index Posts 1st M/M Fall in 5 Mths
— Japan Mar Leading CI Revised Up -3.9 Pt M/M Vs Prelim -4.5 Pt
— Japan Mar Leading Composite Also Posts 1st M/M Fall in 5 Mo
TOKYO (MNI) – Japan’s coincident composite index (CI), which
reflects current business conditions, fell a revised 3.3 points to 106.5
in March (vs. preliminary -3.2 pt at 103.6), posting the first
month-on-month fall in five months, the Cabinet Office said on Monday.
It followed a 1.3-point rise to 106.8 in February.
The nine out of the 11 index components fell in March. The nine
included industrial output, shipments of investment goods, retail sales
and wholesale sales.
The index was set at 100 in the 2005 base year.
When released the preliminary March results earlier this month, the
Cabinet Office maintained its overall assessment, saying that the
composite index “indicates that the economy is improving.”
Other details from the latest data follow:
The leading composite index, which measures the state of the
economy three months ahead: March 100.1 (revised to -3.9 pt m/m from
-4.5 pt) vs. Feb 104.0 (+2.6 pt), posting the first m/m fall in five
months.
The lagging CI, which reflects economic conditions three months
earlier: March 88.9 (revised to -1.5 pt m/m from -1.7 pt) vs. February
revised 90.4 (+2.1 pt m/m), the first fall in two months.
tokyo@marketnews.com
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