Tokyo, Jan. 9 (Jiji Press)–Japan’s composite index of coincident economic indicators for November fell 0.7 point from the previous month, marking the first drop in three months, mainly due to a decrease in automobile production and shipments, the Cabinet Office said Friday. The coincident index, which reflects current economic conditions, stood at 115.2 against the 2020 base of 100, according to a preliminary report by the government agency. The Cabinet Office maintained its basic view that the index has stopped falling. The November decline also reflected a drop in laptop computer production and shipments as replacement demand following the end of support for Microsoft Corp.’s Windows 10 operating system waned. Six component indicators, including retail and wholesale sales, contributed negatively to the coincident index. Meanwhile, exports to the United States, Europe and Asia remained strong. The leading index, a barometer of the economy’s performance several months ahead, rose 0.7 point to 110.5, up for the seventh consecutive month. END [Copyright The Jiji Press, Ltd.]
Japan Coincident Economic Index Logs 1st Fall in 3 Months
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