— Japan Sep Coincident CI Revised -1.3 Pt M/M Vs Prelim -1.4
— Japan Sep Leading CI Revised -2.3 Pt M/M Vs Prelim -2.2
TOKYO (MNI) – Japan’s coincident composite index (CI), which
reflects current business conditions, fell a revised 1.3 points to 89.0
in September (preliminary -1.4 points), as the global slowdown and the
strong yen hit production, Cabinet Office data showed on Monday.
The data showed that the coincident composite index posted a second
straight monthly fall in September after slipping 0.1 point in August
and being unchanged in August.
In September, six out of the 11 sub-indexes comprising the
coincident index fell. Sharp drops were seen in industrial output and
shipments as well as commercial sales at wholesale levels.
The leading index also posted the second straight monthly drop in
September, down a downwardly revised 2.3 points after falling 1.0 point
in August.
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: Sep revised 91.5 (-2.3 point m/m) vs.
preliminary 91.6 (-2.2 point).
The lagging CI, which reflects economic conditions three months
ago: Sep revised 86.2 (+1.8 point m/m) vs. preliminary 85.9 (+1.7
point).
tokyo@marketnews.com
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