Japan's leading economic index declined for the third consecutive month in June, and the rate of fall exceeded economists' expectations, preliminary data released by the Cabinet Office showed Monday.
The leading index, which is designed to measure the direction of the economy in the months ahead, fell to 92.6 from 65.2 in May. Economists were looking for a reading of 92.9. The latest decline was the third in a row.
The coincident index, which measures the current economic activity, dropped to 93.8 in June from 95.8 in the previous month. Meanwhile, the lagging index rose to 86.9 from 86.5, marking the second consecutive improvement, data showed.
by RTT Staff Writer
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