Japan revised leading indicator index 18.2 on March
[2008-5-20]
Japan's index of leading economic Indicator Switch for March was revised down to 18.2 from a preliminary 20.0 on a scale of 100, the Cabinet Office said on Tuesday.
The leading index, compiled using data such as the number of new job offers, consumer sentiment and Tokyo share prices, is
taken to signal economic conditions for the coming few months.
A reading above 50 indicates better conditions ahead, while a reading below 50, if sustained, suggests a contraction may be
on the horizon.
The coincident index indicates current economic conditions.The cabinet office will switch to a new series of business
condition gauges from June based on composite rather than diffusion indexes.
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