CCTV.com - CNTV English - CCTV News


Homepage > News > Biz >

Japan's key economic gauge drops in May for 1st time in 14 months

07-06-2010 16:39 BJT

TOKYO, July 6 (Xinhua) -- Japan's coincident composite index ( CI), which reflects current business conditions, fell 0.1 point to 101.2 in May, marking the first drop in 14 months, the Cabinet Office said in a report on Tuesday.

The decline in the index was led by drops in manufacturers' investment goods shipments (excluding transport equipment), commercial sales (both retail and wholesale), industrial output and large industrial power consumption, according to the government report.

The leading composite index, which measures the state of the economy three months ahead dipped a preliminary 3.0 points from April to 98.7 against a base of 100 set in 2005, marking the second straight month of decline.

The lagging CI, which reflects economic conditions in the recent past gained 0.7 point to 83.6 in May, logging the first rise for two months.

The diffusion index (DI) of coincident indicators stood at 88.9 in May dropping from 95.0 logged in April, the Cabinet Office said.

However, the coincident DI was above the key 50 level for the 13th straight month, indicating the economy is in a state of expansion.

The diffusion index of leading indicators in May stood at 55.0, a drop from April's reading of 90.9, but above the key 50 line for the 14th straight month.

The lagging DI in May stood at 50.0 a rise from April's reading of 20.0 according to the data.

The government left its basic assessment of the indexes unchanged, saying they are "showing improvements."

 

Editor:Du Xiaodan |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program