Japan's Coincident Economy Index Logs 1st Fall in 6 Months
Tokyo, Sept. 7 (Jiji Press)--Japan's composite index of coincident economic indicators fell 1.1 points in July from the previous month, marking the first decline in six months, partly due to a decrease in auto shipments, the Cabinet Office said Thursday.
The coincident index, which reflects current economic conditions, stood at 114.5 against the 2020 base of 100, the government agency said in a preliminary report.
The Cabinet Office kept its basic assessment of the index unchanged at "improving."
The July decline also reflected falls in both shipments and production of semiconductor manufacturing equipment, as well as shipments of excavators and other equipment.
On the other hand, exports to the United States, the European Union and Asia, including China, all improved.
(2023/09/07-18:05)
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