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Article: The Leading Index for Japan Decreased 1.3 Percent
- Article from:
- US Fed News Service, Including US State News
- Article date:
- August 5, 2008
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The Conference Board issued the following news release:
The Conference Board reports today that the leading index for Japan decreased 1.3 percent and the coincident index decreased 0.9 percent in June.
*The leading index declined sharply in June for the seventh consecutive month, due mainly to sharp drops in new orders for machinery and construction, stock prices, and the Tankan business conditions survey. The leading index fell 4.2 percent (about a -8.1 percent annual rate) from December to June, almost identical to the rate of decline during the second half of last year. In addition, the weaknesses among the leading indicators continued to be widespread.
*The coincident index also ...