Economic Buzz: Japan Coincident Index Down 0.5% In January

8 Mar 2022 , 12:01 PM

Japans coincident indicator index fell 0.5 point in January from the previous month, the government said on Tuesday, as the fast-spreading Omicron variant derailed an economic recovery from the COVID-19 pandemic. The index, which comprises a variety of data such as factory output, employment and retail sales, dropped to 94.3 in January, the Cabinet Office said. The index of leading economic indicators, a gauge of the economy a few months ahead, compiled from data such as job offers and consumer sentiment, fell 1.0 point to 103.7.

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