Coincident Index is one of the indicators that reflects the well-being of the national/regional economy. Employment, real wages, average weekly hours worked in manufacturing and unemployment are all included in the index to make the assessment of the economic activity easier. Based on 11 leading indicators, 11 coincident indicators, and 6 lagging indicators coincident index can provide insights into current and expected growth rates and determine the drivers behind high performance, as well as troubleshoot potential problems. Increasing index readings correspond to the expansion of the national economy, decreasing readings mean the economy is in the contraction phase.
Japan Coincident Index
In April 2017, the index was equal to 117, which is meant to indicate the expansion of the Japanese economy. One month earlier the index was 114. In the period between 1985 and 2017 Japan Coincident Index averaged 104.61. An all-time high value of 120.5 was reached in October 1990, while a record low of 77.9 was witnessed in March 2009.
