The Cabinet Office said Tuesday it has revised upward the index of coincident economic indicators, the key gauge of current economic conditions, to 30 percent for February from the preliminary 16.7 percent announced April 6.

The upward revision stemmed from an improvement in the industrial output index, the Cabinet Office said.

But the index of leading indicators, a forecast of economic activity six months ahead, was revised downward to 18.2 percent from 20 percent.

The downward revision was due to a negative reading in key machinery orders for February, which was not included in the preliminary report.