The index of coincident economic indicators in Japan, which includes data such as factory output, employment, and retail sales, was at 115.3 in September 2024, slightly below the flash estimate of 115.7. That said, this result was an improvement over August's six-month low of 114.0, reflecting moderate economic recovery driven by increases in private consumption and business investment. Meanwhile, the slowdown in overseas economies posed a downside risk for domestic activity, impacted by sustained high interest rates in the US and Europe, and ongoing stagnation in China's real estate market. On the monetary policy front, the central bank believed it had time to analyze risk factors following rate hikes in March and July. source: Cabinet Office, Japan

Coincident Index in Japan increased to 115.30 points in September from 114 points in August of 2024. Coincident Index in Japan averaged 108.81 points from 1985 until 2024, reaching an all time high of 125.50 points in May of 2007 and a record low of 83.40 points in March of 2009. This page provides the latest reported value for - Japan Coincident Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Japan Coincident Index - data, historical chart, forecasts and calendar of releases - was last updated on November of 2024.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-11-08 05:00 AM Coincident Index Prel Sep 115.7 114.0 115.3
2024-11-25 05:00 AM Coincident Index Final Sep 115.3 114.0 115.7
2024-12-06 05:00 AM Coincident Index Prel Oct 115.3


Related Last Previous Unit Reference
BSI Large Manufacturing 4.50 -1.00 percent Sep 2024
Changes in Inventories 1354.90 2023.10 JPY Billion Jun 2024
Coincident Index 115.30 114.00 points Sep 2024
Eco Watchers Survey Current 47.50 47.80 points Oct 2024
Eco Watchers Survey Outlook 48.30 49.70 points Oct 2024
Leading Economic Index 109.10 106.90 Points Sep 2024
Machinery Orders MoM -0.70 -1.90 percent Sep 2024
New Orders 952.79 1029.16 JPY Billion Aug 2024

Japan Coincident Index
Coincident Index correlates with the business cycle, and is used to identify the current state of the economy. In general, increasing coincident index shows that the economy is in an expansion phase, and decreasing coincident index reflects that the economy is in a contraction phase. The index is calculated using month-over-month percentage changes in 11 leading indicators, 11 coincident indicators, and 6 lagging indicators.
Actual Previous Highest Lowest Dates Unit Frequency
115.30 114.00 125.50 83.40 1985 - 2024 points Monthly
2020=100


News Stream
Japan Coincident Index Revised Lower
The index of coincident economic indicators in Japan, which includes data such as factory output, employment, and retail sales, was at 115.3 in September 2024, slightly below the flash estimate of 115.7. That said, this result was an improvement over August's six-month low of 114.0, reflecting moderate economic recovery driven by increases in private consumption and business investment. Meanwhile, the slowdown in overseas economies posed a downside risk for domestic activity, impacted by sustained high interest rates in the US and Europe, and ongoing stagnation in China's real estate market. On the monetary policy front, the central bank believed it had time to analyze risk factors following rate hikes in March and July.
2024-11-25
Japan Coincident Index Recovers from 6-Month Low
The index of coincident economic indicators in Japan, which includes data such as factory output, employment, and retail sales, increased to 115.7 in September 2024 from a final 114.0 in the prior month which was the lowest level in six months, flash data showed. The latest result came amid a moderate recovery, highlighted by increases in private consumption and business investment. Moreover, corporate profits improved, along with better employment and income situations. However, the slowdown in overseas economies remains a downside risk for the Japanese economy, including the effects of sustained high interest rates in the US and Europe, and the ongoing stagnation in China's real estate market. Regarding monetary policy, the central bank indicated that it has time to analyze risk factors after delivering rate hikes in March and July.
2024-11-08
Japan Coincident Index Revised Higher
The index of coincident economic indicators in Japan, which includes data such as factory output, employment, and retail sales, stood at 114.0 in August 2024, above the flash estimate of 113.5. However, the latest result was lower than July’s figure of 117.2, marking the lowest reading since February. The notable decline came amid elevated inflation, sluggish exports, and fluctuations in financial and capital markets. On the monetary front, the key short-term interest rate stood at around 0.25%, its highest level since 2008, following two rate hikes by the Bank of Japan in March and July of this year. While the central bank views the domestic economy as remaining on track for a moderate recovery, it has identified some areas of weakness and is continuously monitoring major economies, such as the US and China, which could significantly influence Japan’s economic output.
2024-10-25