The leading Index for Japan, which measures the future economic activity, dropped less-than-expected in February, preliminary figures from the Cabinet Office showed Monday.
The leading index fell slightly to 105.3 in February from 105.5 in the previous month. Economists had expected the index fall to 104.9. It was the second consecutive monthly decrease.
At the same time, the coincident index that reflects the current economic activity declined notably to 110.5 in February from 113.3 in January. The index was forecast to drop to 110.7.
The lagging index, which measures the past economic activity came in at 120.3 in February, down marginally from 120.5 in the prior month.
The material has been provided by InstaForex Company – www.instaforex.com