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 107.6 in July 2023 from a downwardly revised 108.8 in the previous month, a preliminary reading showed. It was the lowest reading since October 2020, amid a contraction in the manufacturing sector while the service sector in July grew the least in six months.
