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Asian Economic News

Japan February Leading Index Rises More Than Estimated

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

A leading indicator of the Japanese economy increased more than initially estimated in February, final data released by the Cabinet Office showed Friday.

The leading economic index increased to 97.6 in February from 95 in January. Preliminary estimated had shown a more modest rise to 97.5.

At the same time, the coincident economic index, which measures the current economic situation, rose to 92.4 in February from 91.6 in the previous month. Flash estimates were for an increase to 92.1.

Meanwhile, the lagging index, which measures the past performance of the economy, dropped to 85.6 in February from 85.9 in January, data showed.

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