Japan Coincident Economic Index Up 0.8 Point in Feb.
Tokyo, April 7 (Jiji Press)--Japan's composite index of coincident economic indicators for February rose 0.8 point from the previous month, improving for the third consecutive month, according to a preliminary report released by the Cabinet Office on Monday.
The coincident index, which reflects current economic conditions, stood at 116.9 against 100 for the base year of 2020.
The improvement was mainly attributed to strong production of semiconductor-manufacturing equipment and robust shipments of semiconductor memory products.
The Cabinet Office maintained its basic assessment of the index as "halting to fall."
Four of the eight component indicators improved, including those related to industrial production, durable consumer goods, and exports.
(2025/04/07-20:29)
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