Japan's future economic index down in September

Published November 6th, 2000 - 02:00 GMT

Japan's forward-looking index of economic activity fell in September, the Economic Planning Agency said Monday. 

 

The leading index of data pointing to economic activity in the next three to six months stood at 56.3 points, down from a revised 70.0 in August, the agency said. 

The 50-point mark is regarded as the theoretical boom-bust dividing line for the economy. 

 

The leading index is based on a raft of financial figures which give a pointer to the future of the economy, such as commodity indices, new car registrations and the number of new home building projects. 

It is often subject to revisions after its first release.— (AFP)  

 

© Agence France Presse 2000  

 

© 2000 Mena Report (www.menareport.com)

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