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Japan November leading index revised up to 18.2
Sunday, January 20, 2008
TOKYO (Thomson Financial) - Japan's index of leading economic indicators for November was revised up to 18.2 against the initial estimate of 10.0, according to government data released Monday.
In September the leading index had touched zero, the first time it did since December 1997.
Due tothe unstable financial markets, worry about profit margins and a decline in consumer confidence, the index has stayed below the boom-and-bust line of 50 for the second straight month, according to the government report.
A reading above 50 indicates economic expansion over the next three to six months, while a reading below 50 suggests contraction.
The leading index is based on 12 indicators, of which data for 11 were available for the revision, with two pointing to expansion and nine pointing to contraction.
The coincident index, which measures the current state of the economy, was revised down to 30.0 from the initial estimate of 33.3.
The coincident index is composed of 11 indicators, of which 10 were available for the revision, with three pointing to expansion and seven three pointing to contraction.
The lagging index was revised upward to 80.0 from a preliminary reading of 75.0. This index is made up of six indicators, of which data for five were used in the latest figure, with four pointing to expansion and one to contraction.
