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Japan's coincident index rises in March

Japan's coincident index rises in March
Japan's coincident index rises in March   -   Copyright  (c) Copyright Thomson Reuters 2021. Click For Restrictions - https://agency.reuters.com/en/copyright.html
By Reuters

TOKYO (Reuters) – Japan’s coincident indicator index rose in March, the government said on Wednesday, supported by strong retail sales and exports, even as the coronavirus crisis remained a threat to the country’s economic recovery.

The index of coincident economic indicators, which consists of a range of data including factory output, employment and retail sales, gained a preliminary 3.2 points from the previous month to 93.1 in March, the Cabinet Office said.

The index of leading economic indicators, which is a gauge of the economy a few months ahead and is compiled using data such as job offers and consumer sentiment, grew 4.3 points to 103.2.

(Reporting by Kaori Kaneko; Writing by Daniel Leussink)