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The Cabinet Office on Friday revised upward the key gauge of the current state of the economy for March from a preliminary estimate released earlier this month.

The composite index of coincident economic indicators for the reporting month now stands at 101.5 against 100 for the base year of 2005, up from the initial estimate of 101.1.

The index of leading indicators, which predicts conditions over the next several months, was revised slightly downward to 102.7 from 102.8.

The index of lagging indicators, reflecting conditions in the recent past, was also revised down, to 85.3 from 85.4.

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