The index of leading economic indicators for March has been revised downward to 54.5 from the preliminary reading of 60.0, the Cabinet Office said. 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 six pointing towards expansion and five indicating contraction. The coincident index, which measures the state of the economy at the time, was revised down to 10.0 from an initial reading of 11.1. The coincident index is composed of 11 indicators, of which 10 were available for the revision, with one indicating expansion and nine pointing to contraction. The lagging index was at 75.0, unchanged from the initial reading. This index is made up of six indicators, of which data for four were used in the latest figure, with three suggesting expansion and one indicating weakness.