Japan's index of business conditions drops to 6-year low in November 2019

Source: Xinhua| 2020-01-10 19:41:10|Editor: Shi Yinglun
Video PlayerClose

TOKYO, Jan. 10 (Xinhua) -- Japan's Cabinet Office on Friday maintained its assessment that the world's third-largest economy is "worsening," with its index of business conditions dropping to a six-year low in November last year.

The office's coincident index of business conditions slid 0.2 point in November from a month earlier to 95.1 against the 2015 base of 100, marking the worst level since February 2013.

The latest decline follows a 5.1-point retreat logged in October, according to the government's statistics.

The Cabinet Office maintained its assessment for a fourth straight month that the economy here is "worsening."

The terminology marks the office's lowest evaluation of the economy, with the assessment made amid slumping electronic production, particularly declining output of chip-making equipment, lithium ion batteries and telecommunication devices.

Production of construction machinery also fell in the reporting period, the office said, owing to the ongoing impact of Typhoon Hagibis, which battered supply chains in the wake of it hitting in October.

The index of leading indicators, which forecasts upcoming trends, fell 0.7 point to 90.9 in the reporting month, marking the fourth successive month of decline, the figures also showed.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001386945241