• Kyodo News

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The government on Wednesday kept a key gauge for the state of the economy for June unchanged, while maintaining its basic economic assessment.

The Cabinet Office said the composite index of coincident economic indicators came to 101.3 against the base figure of 100 for 2005, up 0.1 point from the previous month.

The reading was the same as a preliminary one released Aug. 6.

The Cabinet Office maintained its basic assessment on the key economic gauge, saying it is “showing improvement.”

The composite index consists of various indicators, including industrial production, large-lot electricity use, overtime working hours at manufacturers, wholesale and retail sales, and the ratio of job offers to job seekers.

The composite index of leading economic indicators, which predicts economic developments over the coming months, was revised upward to 99.0 from a preliminary 98.9, up 0.4 point from the previous month.

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