TOKYO (Reuters) – Japan’s coincident indicator index fell in April and the government maintained its view on the index, suggesting the economy is worsening after slipping into a coronavirus-hit recession in the first quarter.
The index of coincident economic indicators, which consists of a range of data including factory output, employment and retail sales data, declined a preliminary 7.3 points from the previous month to 81.5 in April, the Cabinet Office said on Friday.
The index for leading economic indicators, which is a gauge of the economy a few months ahead and is compiled using data such as job offers and consumer sentiment, dropped 8.9 points to 76.2 from March.
Japan’s coincident index falls 7.3 points in April
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.