Japan June coincident indicator slips 2 points m/m

07-Aug-2012 Intellasia | Reuters | 7:01 AM Print This Post

Japan’s index of coincident economic indicators fell a preliminary 2.0 points in June from the previous month, the Cabinet Office said on Monday, falling for the third straight month as faltering global growth took a toll on the economy.

The index of leading economic indicators, compiled using data such as the number of job offers and consumer sentiment and a gauge of the economy a few months ahead, declined 2.6 points from May.

Japan’s Cabinet Office downgraded its view on the coincident index, saying it is stalling. That compared with its previous view that the index was showing an improvement. 

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             JUNE    MAY    APRIL 

   Leading Index    -2.6   -0.4    -1.0 

   Coincident Index   -2.0   -1.2    -0.3 

   Lagging Index    +0.4   +0.5    -0.2 

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http://in.reuters.com/article/2012/08/06/japan-economy-coincident-idINT9E8IR00Y20120806

 

Category: Japan

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