— Japan Apr Coincident Index Posts 1st M/M Rise in 2 Mths
— Japan Apr Leading CI Revised -3.4 Pt M/M Vs Prelim -3.7 Pt
— Japan Apr Leading CI Posts 2nd M/M Fall in Row
TOKYO (MNI) – Japan’s coincident composite index (CI), which
reflects current business conditions, rose a revised 0.2 point to 103.6
in April (vs. preliminary +0.3 pt at 103.8), posting the first
month-on-month rise in two months, the Cabinet Office said on Monday.
It followed a revised 3.1-point fall to 103.4 in March.
Six out of the 11 index components rose in April. The six included
industrial output, large-lot electricity usage and retail sales.
The index was set at 100 in the 2005 base year.
When it released the preliminary April 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: April 96.2 (revised to -3.4 pt m/m from -3.7
pt) vs. Mar revised 99.6 (-3.7 pt), posting the second m/m fall in row.
The lagging CI, which reflects economic conditions three months
earlier: April 90.8 (revised to +1.9 pt m/m from -1.8 pt) vs. March
revised 88.9 (-1.3 pt m/m), the first rise in two months.
tokyo@marketnews.com
** Market News International Tokyo Newsroom: 81-3-5403-4835 **
[TOPICS: M$J$$$,M$A$$$,MAJDS$]
