Japan July leading index revised down to 27.3 from initial 40.0

The index of leading economic indicators for July stood at 27.3, sharply below the initial reading of 40.0, revised data from the Cabinet Office showed.
A reading above 50 indicates economic expansion over the subsequent three to six months, while a reading below 50 suggests contraction.
The leading index is based on 12 indicators, of which data for 11 were available for the revision, with three pointing to expansion and eight indicating contraction.
The coincident index, which measures the state of the economy at the time, was revised down to 75.0 from 83.3 in the preliminary estimate.
The coincident index is composed of 11 indicators, of which 10 were available for the revision, with seven indicating expansion, two suggesting contraction and one being neutral.
The lagging index was at 70.0, down from the initial reading of 87.5. This index is made up of six indicators, of which data for five were used in the latest figure, with three suggesting expansion, one pointing to contraction and one being neutral.