Japan Coincident Economic Index Falls in Aug.

   Tokyo, Oct. 7 (Jiji Press)--Japan's composite index of coincident economic indicators fell 3.7 points from the previous month in August, chiefly because a typhoon disrupted operations at auto factories, the Cabinet Office said Monday.
   The coincident index, which reflects current economic conditions, stood at 113.5 against the 2020 base of 100, the government agency said in a preliminary report. The figure marked the first decline in two months.
   The agency maintained its basic assessment that the index is showing signs of bottoming out.
   Of the eight component indicators available in the preliminary report, seven made negative contributions to the index. Production and durable consumer goods shipments declined due to stagnant activity in the auto sector.
   Investment goods shipments, a barometer of investment in machinery and other goods, weakened after being boosted by a large radar deal the previous month, a Cabinet Office official said.

(2024/10/07-19:43)

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