5 November 2001, 09:05 Sept. Japan key economic gauge shows 9 months of contraction
TOKYO, Nov. 5 (Kyodo) - The government said Monday its key gauge
of the state of the economy remained below the boom-or-bust line of
50% in September for the ninth month in a row.
The coincident index, designed to measure the current state of
the economy, stood at 12.5% in the reporting month after marking
zero in August, the Cabinet Office said in a preliminary report.
A reading under 50% is considered a sign of economic contraction
and a figure above that is viewed as a sign of expansion.
The index of leading economic indicators, a measure of economic
growth six to nine months ahead, came to 37.5%, compared with a
revised 50.0% in August.
The lagging index, which gauges performance in the recent past,
was 20.0%, compared with 14.3% in August.
The indexes of coincident, leading and lagging indicators
compare the current levels of various economic indicators with
their levels three months earlier.
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