Japan Coincident Economic Index Rises in July
Tokyo, Sept. 6 (Jiji Press)--Japan's composite index of coincident economic indicators rose 3.0 points from the previous month to 117.1 in July, after a 3.4-point fall in June, the Cabinet Office said Friday.
The rise in the index for current economic conditions was partly attributed to brisk production and shipments of semiconductor memory products for use in data centers.
The government agency maintained its basic assessment that the index has stopped falling.
Of the eight component indicators available in the preliminary report, seven contributed to the rise.
Production and shipments of semiconductor-manufacturing equipment were also strong, and there was also a large radar deal, according to the Cabinet Office.
(2024/09/06-18:42)
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