–Japan Jan Leading Composite Revised +1.3 Pt M/M
–Japan Jan Leading Composite Posts 3rd Rise in Row
TOKYO (MNI) – Japan’s coincident composite index (CI), which
reflects current business conditions, rose a revised 2.4 points to 105.9
in January (vs. preliminary +2.5 pt at 106.2), posting a third straight
monthly rise, the Cabinet Office said on Friday.
It followed a 1.2-point rise to 103.5 in December.
The increase in the index in January was led by nine out of 11
sub-indexes. The nine included industrial output, capacity utilization
and large-lot electricity usage.
The index was set at 100 in the 2005 base year.
The Cabinet Office repeated its assessment, based on the revised
January coincident CI, saying “While Japan’s economy is pausing, it is
also showing signs of improvement.”
Other details from the latest data follow:
The leading composite index, which measures the state of the
economy three months ahead: January 101.5 (revised to +1.3 pt m/m from
+0.9 pt) vs. December 100.2 (+0.6 pt), posting a third straight monthly
rise.
The lagging CI, which reflects economic conditions three months
ago: January revised 88.7 (revised to -0.3 pt m/m from -1.0 pt) vs.
December 89.0 (+0.5 pt m/m), the first fall in two months.
tokyo@marketnews.com
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