TOKYO, June 26 (Xinhua) — The Japanese authorities on Monday revised the composite index of coincident financial indicators down for April.
The revised coincident index, which displays present financial situations, stood at 97.3 in opposition to 100 for the bottom yr of 2015, down from 99.4 within the preliminary report introduced earlier this month, in response to the Cabinet Office.
The index was up 0.1 factors from the earlier month, in contrast with the preliminary studying of a rise of 0.2 factors.
An increase within the coincident index signifies an growth of financial exercise and a decline alludes to a contraction.
The main index, a yardstick for the economic system’s efficiency months forward, got here in as 96.8, unchanged from the earlier month. In the preliminary report, the index rose 0.7 factors to 97.6.