Japan data – Reuters Tankan shows Large Manufacturing and Non-manufacturing sentiment rise | Forexlive

Reuters Tankan data results:

• Large Manufacturing sentiment index +12 in August vs. +3 in July
  • seen at +14 in 3 month
• Non-manufacturing to +32 in August from +23 in July
  • first rise for this in 3 months
  • seen at +26 in 3 months

Snippets from the Reuters report:

• “Declines in demand for chip-related business and softening
  of Chinese markets for auto-parts and environment-related
  products are continuing,” wrote a manager of an industrial
  ceramic maker.
• “Orders for production goods are declining due to slump in
  demand for capital expenditures amid China’s economic slowdown,”
  according to a machinery maker’s manager.
• many firms are
  struggling to pass on elevated costs of raw materials

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The Reuters Tankan is a quarterly survey conducted by Reuters news agency in collaboration with the International University of Japan.

• is similar to the Tankan survey conducted by the Bank of Japan, which is a quarterly survey of business sentiment among Japanese companies
• the Reuters Tankan has a wider coverage of industries and is not limited to large corporations
• survey is based on interviews with executives of about 500 Japanese companies, covering a range of industries and size
• questions asked in the survey cover various aspects of the economy such as sales, profits, capital expenditure, hiring plans, and inflation expectations