2010.07.2003:05:00UTC+00Japan May Leading Index Revised Down

Japan's leading index for May was revised down to 98.6 from 98.7, a report released by the Cabinet Office showed on Tuesday. The indicator had dropped in April to 101.7, which was the first monthly fall after rising for 13 straight months.

Further, the Cabinet Office confirmed May's coincident index reading. The index slipped slightly to 101.2 from 101.3 in April. Meanwhile, the lagging index rose to 83.4 from 82.9.

The Conference Board's leading economic index for Japan fell 0.6% month-on-month in May. This followed a 0.1% decrease in the previous month. At the same time, the coincident economic index, which is a measure of current economic activity, was down 0.4% in May compared to April.

Copyright(c) 2010 News.com, Inc. All Rights Reserved