Japan Lagging Index Contributions
How much each component series contributed to the month-on-month change of Japan's lagging composite index, plus the trend factor of the coincident indicators.
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Trend factor of the coincident indicators | 0.16 | 0.12 | 0.11 | 0.08 | 0.1 | 0.14 | 0.15 | 0.14 | 0.15 | 0.17 | 0.24 | 0.27 | 0.33 | 0.46 | 0.54 | 0.4 | 0.18 | 0.15 | 0.13 | 0.12 | 0.1 | 0.11 | -0.02 | 0.01 | 0.04 | 0.02 | -0 | -0.01 | -0.03 | -0.04 | -0 | 0.02 | -0.01 | -0.03 | 0.01 | -0.03 | -0.03 | |
| Index of tertiary industry activity, business services | -0.02 | -0.07 | -0.09 | 0.03 | -0.34 | 0.39 | -0.04 | -0.17 | -0 | 0.05 | -0.09 | 0.07 | -0.1 | -0.01 | 0.17 | -0.29 | 0.02 | 0.44 | 0.03 | -0.08 | 0.15 | 0.03 | -0.05 | 0.07 | -0.07 | 0.05 | -0.07 | 0.01 | 0.13 | -0.22 | 0.2 | 0.04 | -0.07 | 0.1 | 0.04 | -0.04 | ||
| Index of regular workers employment, change from previous year | 0 | -0.1 | -0.22 | -0 | -0.01 | -0.01 | -0.12 | 0.22 | -0.23 | -0 | -0.11 | -0 | -0.11 | -0 | 0.23 | -0.09 | -0.09 | 0.02 | 0.02 | -0.3 | 0.24 | -0.09 | 0.02 | -0.1 | 0.22 | 0.12 | -0.09 | 0.23 | 0.12 | -0.19 | 0.12 | 0.22 | 0.01 | 0.12 | 0.02 | 0.12 | ||
| Business expenditures for new plant and equipment at constant prices | -0.04 | -0.04 | -0.04 | -0.15 | -0.15 | -0.16 | 0.08 | 0.09 | 0.09 | -0.12 | -0.12 | -0.13 | -0.08 | -0.08 | -0.07 | 0.15 | 0.15 | 0.15 | -0.04 | -0.04 | -0.03 | 0.14 | 0.14 | 0.15 | -0.12 | -0.13 | -0.13 | -0.16 | -0.16 | -0.16 | 0.36 | 0.37 | 0.38 | 0.05 | 0.05 | 0.06 | ||
| Living expenditure of workers' households, change from previous year | -0.26 | 0.01 | 0.14 | -0.23 | 0.03 | 0.12 | -0.65 | 0.4 | -0.4 | 0.04 | 0.01 | 0.01 | -0.17 | 0.26 | -0.19 | 0.33 | -0.22 | -0.18 | 0.2 | 0.31 | 0 | -0.19 | 0.01 | 0.07 | -0.09 | -0.06 | -0.06 | 0.05 | 0.45 | -0.22 | 0.03 | -0.16 | 0.06 | 0.14 | 0.01 | -0.16 | ||
| Corporation tax revenue | -0.03 | -0.21 | 0.11 | -0 | 0.22 | 0.2 | -0.06 | -0.15 | 0.05 | -0.01 | 0.1 | 0.07 | 0.05 | -0.07 | -0.05 | 0.1 | -0.04 | 0.03 | 0.11 | -0.02 | 0.15 | 0.16 | -0.13 | -0.03 | 0.1 | -0.36 | 0.5 | -0 | 0.08 | 0.14 | -0.25 | 0.42 | -0.22 | -0.1 | 0.01 | 0.27 | 0.06 | |
| Unemployment rate (inverted) | 0.44 | -0.07 | 0.12 | 0.21 | -0.04 | 0.14 | -0.18 | -0.13 | 0.08 | -0.09 | -0.05 | -0.33 | 0.15 | -0.05 | 0.08 | -0.06 | -0.09 | 0.09 | -0.03 | 0.06 | -0.05 | -0.03 | 0.06 | 0.39 | -0.22 | 0.13 | -0.03 | -0.03 | 0.06 | -0.21 | 0.04 | 0.11 | -0.03 | 0.04 | 0.15 | -0.05 | -0.17 | |
| Contractual cash earnings, manufacturing (nominal) | 0.25 | -0.08 | 0.32 | -0.12 | 0.27 | 0.33 | 0.05 | 0.05 | 0.28 | -0.18 | -0.07 | -0.2 | 0.21 | 0.28 | 0.43 | -0.15 | 0.21 | 0.15 | 0.16 | -0.01 | 0.05 | 0.11 | 0.18 | 0.12 | -0.05 | 0.52 | 0.31 | 0.2 | 0.09 | -0.21 | -0.09 | 0.2 | 0.09 | 0.15 | 0.09 | -0.03 | ||
| Consumer price index, all items less fresh food, change from previous year | 0.44 | 0.19 | -0.03 | -0.37 | 0.19 | -0.48 | -0.51 | -0.63 | -0.07 | 0.05 | 0.17 | -0.5 | -0.28 | -0.51 | 0.16 | 0.27 | 0.18 | -0.26 | 0.18 | 0.29 | 0.37 | -0.14 | -0.47 | 0.07 | 0.07 | 0.08 | 0.3 | -0.45 | -0.24 | 0.51 | -0.34 | -0.24 | -0.42 | 0.07 | -0.35 | -0.04 | -0.25 | |
| Producers' inventory index, final demand goods | 0.66 | 0.44 | -0.39 | 0.02 | -0.25 | 0 | 0.21 | 0.17 | -0.44 | 0.01 | -0.05 | -0.15 | 0.04 | -0.06 | -0.19 | -0.07 | -0.08 | -0.08 | 0.49 | -0.12 | -0.18 | 0.08 | -0.11 | -0.17 | 0.12 | -0.2 | 0.14 | 0.08 | -0.01 | 0.03 | -0.03 | -0.11 | 0.05 | 0.01 | 0.07 | -0.1 | 0.07 |
Latest reading
Trend factor of the coincident indicators stood at 0.16 contribution in Jul 2026. That is +0.04 contribution from Jun 2026 and −0.17 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
- 0.16 contribution
- Jul 2026
- vs previous period
- +0.04 contribution
- Jun 2026
- vs a year earlier
- −0.17 contribution
About this data
How much each component series contributed to the month-on-month change of Japan's lagging composite index, plus the trend factor of the coincident indicators. Source: Indexes of Business Conditions, Economic and Social Research Institute, Cabinet Office.
