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Coincident index logs 1st rise in 2 months

Jiji Press TOKYO (Jiji Press) — Japan’s composite index of coincident economic indicators rose for the first time in two months in June, the Cabinet Office said Monday.

The coincident CI, which reflects current economic conditions, climbed 1.4 points from the previous month to 117.2 against 100 for the base year of 2010, the government agency said in a preliminary report.

The increase stemmed from firmer production and shipments of automobiles and vehicle parts.

The index is “improving,” the Cabinet Office said, giving the same assessment for the ninth month in a row.

Five of the seven component indicators available for comparison with the previous month’s data showed improvement in June.

Some of the five improved on the back of firmer demand for automobiles, electronic devices and building materials. The improved indicators also included a jobs-to-applicants ratio.Speech

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