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Japan Aug coincident index likely above 50 pct for 5th straight month - report.
(From AFX Europe (Focus))
TOKYO (XFN-ASIA) - The August diffusion index of coincident indicators is expected to reach 88.9 pct, surpassing 50 pct for a fifth consecutive month, The Nihon Keizai Shimbun reported.
Preliminary figures are due out from the Cabinet Office on Friday.
The index, which consists of a number of indicators sensitive to economic trends, shows the proportion of indicators that have improved compared with three months earlier. A reading above 50 pct means that the economy is expanding.
Economic indicators related to the corporate sector have improved thanks to brisk output and solid capital spending, the report said.
The value of wholesale sales ...
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