15 June 2006, 10:36  Japan April leading index revised up to 54.5 from 50.0

The index of leading economic indicators for April has been revised upward to 54.5 from the preliminary reading of 50.0, the Cabinet Office said. A reading above 50 indicates economic expansion over the subsequent three to six months, while a reading below 50 suggests contraction. The leading index is based on 12 indicators, of which data for 11 were available for the revision, with six pointing towards expansion and five indicating contraction. The coincident index, which measures the state of the economy at the time, was revised up to 80.0 from an initial reading of 77.8. The coincident index is composed of 11 indicators, of which 10 were available for the revision, with eight indicating expansion and two pointing to contraction.

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