Leading signals
Composite Index of Business Conditions: Leading Index
Leading — Classification in the Cabinet Office's Indexes of Business Conditions：Leading Index (CI): a composite of the leading series（第13次改定）
Agency：Cabinet Office ・ Latest：117.7（2026-07）・MoM +1.29% ・ YoY +10.93% ・ Index (2020 = 100)
The Leading Index (CI) of the Indexes of Business Conditions is published monthly by Japan’s Cabinet Office. It combines indicators that tend to move ahead of the business cycle, such as new job offers, real machinery orders, floor area of new housing starts and the consumer confidence index. With 2020 set to 100, it summarizes the size and direction of changes in the leading series. It is said to tend to move several months ahead of business-cycle peaks and troughs, so viewing it alongside the Coincident Index can offer clues to turning points. This page uses the values published by the Cabinet Office as they are, shown with moving averages and year-on-year change. This site does not forecast future values.
Current state of the data
Growth strengthening
Year-on-year change (3-month average) is +10.93%, compared with +8.56% three months earlier: growth strengthening.
A mechanical summary of past published values by the rules of FirstRelease Japan; it does not indicate future developments. Display rules
Source：Source: Cabinet Office, "Indexes of Business Conditions"（Terms of use）
Processing：3- and 12-month moving averages, year-on-year change, and the ±2σ band over the latest 60 months are calculated by FirstRelease Japan ・ Fetched 2026-10-02
Related sectors
This indicator reflects the economy as a whole, so it is not linked to specific sectors.
Stock prices and stock indices are not shown.