<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=288482159799297&amp;ev=PageView&amp;noscript=1">

Web Notifications

SaltWire.com would like to send you notifications for breaking news alerts.

Activate notifications?

Saltwire Logo

Welcome to SaltWire

Register today and start
enjoying 30 days of unlimited content.

Get started! Register now

Already a member? Sign in

Japan government says coincident indicator index suggests economy is worsening

STORY CONTINUES BELOW THESE SALTWIRE VIDEOS

Bud the Spud hits the road | SaltWire

Watch on YouTube: "Bud the Spud hits the road | SaltWire"

TOKYO (Reuters) - Japan's coincident indicator index fell in May and the government kept its view on the index, signalling the coronavirus outbreak was hurting the economy.

The index of coincident economic indicators, which consists of a range of data including factory output, employment and retail sales data, slipped a preliminary 5.5 points from the previous month to 74.6 in May, the Cabinet Office said on Tuesday.

But the index for leading economic indicators, which is a gauge of the economy a few months ahead and is compiled using data such as job offers and consumer sentiment, rose 1.6 points to 79.3 from April.

(Reporting by Yoshifumi Takemoto, writing by Kaori Kaneko; Editing by Chang-Ran Kim)

It has been our privilege to have the trust and support of our East Coast communities for the last 200 years. Our SaltWire team is always watching out for the place we call home. Our 100 journalists strive to inform and improve our East Coast communities by delivering impartial, high-impact, local journalism that provokes thought and action. Please consider joining us in this mission by becoming a member of the SaltWire Network and helping to make our communities better.
Share story:
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

Local, trusted news matters now more than ever.
And so does your support.

Ensure local journalism stays in your community by purchasing a membership today.

The news and opinions you’ll love starting as low as $1.

Start your Membership Now