The index of leading economic indicators in Japan, which is used to gauge the economic outlook for a few months ahead on data such as job offers and consumer sentiment, declined to 108.9 in June 2023 from a downwardly revised final 109.1 in the previous month, preliminary estimates showed. The reading came amid the contraction in factory activity in June due to drops in new orders and output while service sector growth eased to a four-month low.
