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DeepNewz, mobile.
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Japan's Leading Index for May is 105.3, higher than the April figure of 104.2 and slightly above the expected 105.2. 📈🇯🇵
Japan's May Coincident Index was 115.9, slightly below the previous month’s 116.0 but in line with the 115.9 estimate. 📉
JAPAN (MAY) COINCIDENT INDEX ACTUAL: 115.9 VS 116.0 PREVIOUS;EST 115.9
Japan’s Cabinet Office said its preliminary Leading Composite Index rose to 105.3 in May, edging past the consensus forecast of 105.2 and improving from 104.2 in April. The indicator, which aggregates data ranging from stock prices to new job offers, is designed to signal the economy’s trajectory several months ahead. The Coincident Composite Index, which tracks current economic conditions, came in at 115.9, matching economists’ expectations and slipping marginally from 116.0 a month earlier. Together, the figures suggest modest momentum in forward-looking gauges while present-day activity remains broadly steady.
