TOKYO, Oct 7 (Reuters) - Japan’s coincident indicator index rose in August and the government raised its view on the index, the Cabinet Office said on Wednesday, suggesting the economy had stopped worsening.
The index of coincident economic indicators, which consists of a range of data including factory output, employment and retail sales, rose a preliminary 1.1 points from the previous month to 79.4 in August, the Cabinet Office said.
The index for leading economic indicators, which is a gauge of the economy a few months ahead and is compiled using data such as job offers and consumer sentiment, grew 2.1 points to 88.8 from July. (Reporting by Kaori Kaneko Editing by Chang-Ran Kim)
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