Description
The Japan Coincident Composite Index (CCI) is released by the Cabinet Office of Japan and serves as a comprehensive measure to assess the current state of economic conditions. Unlike the Leading Index, the Coincident Index reflects the present economic activity, compiled from 10 key economic indicators that are highly correlated with real economic activity. These indicators include:
1. Index of Industrial Production (Mining and Manufacturing)
2. Index of Producer's Shipments (Producer Goods for Mining and Manufacturing)
3. Index of Producer's Shipment of Durable Consumer Goods
4. Index of Labor Input (Industries Covered)
5. Index of Producer's Shipments (Investment Goods Excluding Transport Equipments)
6. Retail Sales Value (Change from Previous Year)
7. Wholesale Sales Value (Change from Previous Year)
8. Operating Profits (All Industries)
9. Effective Job Offer Rate (Excluding New School Graduates)
10. Exports Volume Index
When the Coincident Composite Index rises, it indicates that economic activity is strengthening and that economic conditions are improving. Conversely, a decline in the index may signal that economic activity is weakening, suggesting a deterioration in economic conditions.
This data is released monthly, providing an up-to-date assessment of Japan's economic activity for the previous month.