Japan Coincident Index Contributions
How much each component series contributed to the month-on-month change of Japan's coincident composite index — the index used to date business cycle peaks and troughs.
| Indicator | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | 10-2025 | 09-2025 | 08-2025 | 07-2025 | 06-2025 | 05-2025 | 04-2025 | 03-2025 | 02-2025 | 01-2025 | 12-2024 | 11-2024 | 10-2024 | 09-2024 | 08-2024 | 07-2024 | 06-2024 | 05-2024 | 04-2024 | 03-2024 | 02-2024 | 01-2024 | 12-2023 | 11-2023 | 10-2023 | 09-2023 | 08-2023 | 07-2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Index of industrial production, mining and manufacturing | 0.01 | 0.27 | 0.01 | 0.07 | -0.06 | -0.29 | 0.59 | 0.08 | -0.28 | 0.08 | 0.25 | -0.18 | -0.14 | -0.05 | 0.17 | -0.13 | -0.08 | 0.01 | 0.12 | -0.04 | -0.23 | 0.24 | 0.1 | -0.27 | 0.25 | -0.16 | 0.15 | -0.08 | 0.46 | 0.05 | -0.57 | 0.16 | -0.08 | 0.16 | 0.02 | -0.05 | -0.2 | |
| Producers' shipments index, producer goods | 0.25 | 0 | 0.14 | -0.07 | 0.2 | -0.51 | 0.63 | -0.07 | -0.18 | 0.14 | 0.21 | -0.15 | 0.04 | -0.19 | 0.03 | 0.12 | -0.19 | 0.08 | 0.18 | 0.09 | -0.17 | -0.1 | 0.32 | -0.4 | 0.22 | -0.33 | 0.36 | -0.05 | 0.21 | -0.24 | -0.58 | 0.02 | 0.07 | -0.08 | 0.01 | 0.18 | -0.12 | |
| Producers' shipments index, durable consumer goods | -0.05 | -0.2 | 0.35 | 0.13 | -0.31 | 0.23 | 0.39 | -0.19 | -0.11 | 0.2 | -0.03 | 0.09 | -0.22 | -0.09 | 0.16 | 0.16 | -0.29 | 0.13 | -0.01 | 0.04 | -0.17 | 0.23 | 0.21 | -0.07 | -0.04 | -0.04 | 0.21 | 0.12 | 0.21 | -0.17 | -0.71 | 0.12 | 0.05 | -0.06 | 0.06 | 0.04 | -0.23 | |
| Index of labour input, industries covered | 0 | 0.1 | -0.33 | 0.34 | -0.08 | -0.24 | 0.48 | -0.26 | -0.2 | 0.17 | 0.04 | -0.36 | 0.33 | -0.01 | 0.08 | 0.21 | -0.32 | 0.04 | -0.12 | 0.06 | -0.02 | 0.14 | -0.16 | 0.12 | -0.08 | -0.08 | 0.16 | -0.04 | 0 | 0.2 | -0.36 | 0.16 | -0.08 | 0.04 | -0.02 | 0.1 | -0.08 | |
| Producers' shipments index, investment goods excluding transport equipment | 0.68 | 0.31 | -0.4 | 0.46 | -0.07 | -0.51 | 0.47 | -0.09 | 0.12 | 0 | 0.14 | -0.1 | -0.16 | -0.09 | 0.27 | -0.17 | 0.02 | 0.13 | -0.26 | 0.09 | -0.09 | 0.39 | -0.11 | -0.14 | 0.11 | -0.31 | -0.06 | -0.04 | 0.31 | -0.19 | -0.48 | 0.46 | -0.13 | 0.1 | -0.08 | -0.01 | -0.24 | |
| Retail sales value, change from previous year | 0.47 | -0.46 | 0.24 | 0.15 | 0.16 | -0.2 | 0.29 | -0.21 | -0.06 | 0.16 | 0.12 | -0.14 | -0.16 | 0 | -0.17 | 0.05 | 0.19 | -0.33 | 0.1 | 0.08 | 0.16 | 0.06 | -0.25 | 0.04 | -0.12 | 0.11 | 0.09 | 0.1 | -0.38 | 0.27 | -0.03 | -0.32 | 0.14 | -0.22 | -0.08 | 0 | 0.15 | |
| Wholesale sales value, change from previous year | -0.05 | 0.38 | -0.16 | 0.24 | 0.13 | 0.01 | 0.04 | 0.22 | -0.35 | 0.05 | 0.29 | -0.04 | -0.18 | 0.2 | -0.17 | -0.12 | 0.11 | -0.36 | 0.24 | 0 | -0.1 | 0.34 | -0.08 | -0.54 | 0.58 | -0.4 | 0.13 | 0.53 | -0.34 | 0.17 | 0.05 | 0.06 | -0.1 | 0.09 | -0.04 | 0.05 | 0.09 | |
| Operating profits, all industries | 0.12 | 0.24 | 0.24 | 0.24 | 0.29 | 0.3 | 0.3 | 0.04 | 0.04 | 0.04 | 0.23 | 0.24 | 0.25 | -0.15 | -0.15 | -0.15 | 0.11 | 0.11 | 0.11 | 0.29 | 0.3 | 0.3 | -0.21 | -0.21 | -0.2 | 0.24 | 0.24 | 0.24 | 0.08 | 0.08 | 0.09 | 0 | 0 | 0 | 0.26 | 0.27 | 0.27 | |
| Effective job offer rate, excluding new school graduates | -0.01 | 0.13 | -0.15 | -0.02 | -0.16 | 0.11 | -0.21 | 0.1 | -0.03 | -0.17 | -0.17 | -0.17 | -0.03 | -0.17 | -0.3 | -0.01 | 0.01 | 0.02 | 0.03 | -0.1 | 0.04 | 0.18 | 0.18 | 0.05 | 0.05 | 0.05 | -0.08 | -0.08 | 0.05 | 0.05 | -0.08 | -0.09 | -0.22 | 0.04 | 0.04 | 0.04 | -0.09 | |
| Exports volume index | 0.22 | -0.14 | 0.05 | -0.24 | 0.29 | -0.26 | 0.39 | -0 | 0.19 | -0.03 | 0.14 | -0.12 | -0.41 | 0.37 | 0.06 | -0.19 | -0.22 | 0.51 | -0.44 | 0.53 | -0.34 | -0.1 | 0.18 | 0.04 | 0.03 | 0.08 | -0.27 | 0.08 | 0.29 | -0.39 | -0.2 | 0.48 | -0.53 | -0.08 | 0.23 | -0.4 | 0.23 |
Latest reading
The latest reading is 0.01 contribution, for Jul 2026. That is −0.26 contribution from Jun 2026 and +0.15 contribution from a year earlier. The series on this page is monthly and runs from Jan 1985 to Jul 2026. Source: Economic and Social Research Institute, Cabinet Office – Indexes of Business Conditions.
- Latest
- 0.01 contribution
- Jul 2026
- vs previous period
- −0.26 contribution
- Jun 2026
- vs a year earlier
- +0.15 contribution
About this data
How much each component series contributed to the month-on-month change of Japan's coincident composite index — the index used to date business cycle peaks and troughs. Source: Indexes of Business Conditions, Economic and Social Research Institute, Cabinet Office.
