Japan Reuters Tankan – Manufacturing index +9 in August vs. +7 in July | investingLive
Reuters Tankan for August 2025:
- Manufacturing index +9 vs. +7 in July, marking a second month of improved sentiment
- transport machinery sector, including autos, posted the strongest gains, climbing to +25 from +9, but is also forecast to retreat in coming months.
- Non-manufacturing index +24 vs. +30 in July, the first fall for this in five months
- food industry recorded the sharpest decline, plunging to -25 from zero, as managers cited rising ingredient and material costs
- Real estate, construction, and retail sentiment also eased, with some retailers noting weaker store traffic and service firms reporting disruptions from extreme heat.
Three month ahead outlook:
- Manufacturing index expected to drop back to +4 in November
- Non-manufacturing expected to +25 in November
The poll, conducted July 30–August 8, surveyed 497 major non-financial firms, of which 241 responded.
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Reuters Tankan is a monthly survey that seeks to track the Bank of Japan’s tankan quarterly survey
- respondents spoke on the condition of anonymity
- Reuters Tankan indexes are calculated by subtracting the percentage of pessimistic respondents from optimistic ones. A positive reading means optimists outnumber pessimists.