(MENAFN) Japan’s coincident index, a key gauge of current economic conditions, climbed in September for the first time in three months, lifted by robust exports of semiconductor manufacturing equipment and electronic components, government data revealed Monday.

The Cabinet Office reported that the index increased 1.8 points from August, reaching 114.6, with 2020 as the baseline of 100.

The uptick was fueled by stronger figures in the shipment index for capital goods and the industrial production index. Semiconductor manufacturing equipment and flat-panel display production equipment exports were particularly strong, while the export volume index also made a positive contribution.

Despite the improvement, the government maintained its overall assessment, stating the economy is "showing signs of bottoming out."

This judgment has now remained unchanged for 17 consecutive months.

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