Japan Coincident Economic Index Up 1.4 Points
Tokyo, Feb. 7 (Jiji Press)--Japan's composite index of coincident economic indicators rose 1.4 points in December 2024, underpinned by strong exports, Cabinet Office data showed Friday.
The composite index stood at 116.8 against 100 for the base year of 2020, the government agency said in a preliminary report.
Export industries fared well, enjoying robust production of semiconductor memories and lithium-ion batteries and brisk shipments of construction cranes. The Cabinet Office kept unchanged its basic assessment that the index is "halting to fall."
Production of industrial robots contributed to the rise in the index, while shipments of aircraft parts, engines and steels strengthened. Solid sales of cosmetics at drug stores also helped the index grow.
On the other hand, shipments of durable consumer goods impacted the index negatively. An official at the agency said that "recovery in vehicle production is sluggish."
(2025/02/07-18:20)
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