— Japan Oct Coincident CI +1.3 Pt M/M at 91.4; Prelim +1.3 at 90.3
— Japan Oct Leading CI Revised -0.3 Pt M/M Vs Prelim Flat
TOKYO (MNI) – Japan’s coincident composite index (CI), which
reflects current business conditions, rose 1.3 points to a revised 91.4
in October (preliminary +1.3 points at 90.3), buoyed by higher power
usage and industrial production, Cabinet Office data showed on Tuesday.
The coincident CI posted the first rise in two months after falling
0.9 point (revised from -1.3 points) in September and rising 0.2 point
(revised from -0.1 point) in August.
A temporary shift of production to Japan from flood-hit Thailand
pushed up industrial output in October.
In October, six out of the 11 sub-indexes comprising the coincident
index rose, including industrial power usage, industrial production and
retail sales.
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: Oct revised 92.0 (-0.3 m/m) vs. preliminary
91.5 (unchanged), now posting a three straight m/m drop.
The lagging CI, which reflects economic conditions three months
ago: Oct revised 82.7 (-3.0 points m/m) vs. preliminary 82.3 (-3.9
points).
tokyo@marketnews.com
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