— Japan Dec Coincident Index Revised +3.3 Pt; Prelim +2.9
— Japan Dec Leading CI Revised +0.3 Pt M/M; Prelim +0.6
TOKYO (MNI) – Japan’s coincident composite index (CI), which
reflects current business conditions, rose a revised 3.3 points to 93.6
in December, led by a sharp rise in industrial output and shipments,
Cabinet Office data showed on Monday.
As seen in preliminary data (+2.9 points at 93.2) released earlier
this month, the coincident CI posted the first rise in two months after
falling 1.1 points in November.
In December, nine out of the 11 sub-indexes comprising the
coincident index rose, including industrial shipments of durable goods,
industrial production and retail sales. There was a sharp upward
revision to overtime hours worked.
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: Dec revised 94.0 (+0.3 points m/m) vs.
preliminary 94.3 (+0.6 point).
The lagging CI, which reflects economic conditions three months
ago: Dec revised 83.4 (+0.4 point m/m) vs. preliminary 82.7 (-0.3
point).
tokyo@marketnews.com
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