November 29, 2022

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Reuters Tankan report for July, manufacturers sentiment improved, services drop

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Reuters Tanakan aims to provide the same information monthly as the Bank of Japan’s quarterly report of the same name. 

Japanese manufacturers’ business confidence rose in July to hit a more than two-and-a-half-year high

  • 25 vs. 22 in June
  • boost from strong confidence at car, chemical and metal products makers
  • negative conditions in the textiles and paper sector

Service-sector index

  •  -3 in July vs 0 in June

The Reuters Tankan index readings are calculated by subtracting the percentage of respondents who say conditions are poor from those who say they are good. A positive reading means optimists outnumber pessimists. 

  • Survey conducted June 30-July 9 
  • survey of 503 large- and mid-sized companies of which 257 firms responded

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