Reuters Japan Tankan: Manufacturers +3 in June (vs. +2 in May)

21 June 2016, 05:11
Sherif Hasan
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The results of the Reuters Tankan survey for June.

Via, errr, yeah, Reuters.

Headline results:

  • June manufacturers' sentiment index +3 vs +2 in May
  • Service-sector firms' index hit three-year low of +17 (from 19 in May)

  • Compared with three months ago, manufacturers' and service-sector firms' sentiment indexes worsened by three points and seven points, respectively.
  • Business sentiment seen up only slightly ahead (indexes for manufacturers and service-sector firms are seen improving by just one point and three points, respectively, in the next three months)
  •  Reuters poll suggests suggest a deterioration in business confidence in the upcoming Bank of Japan tankan, due out on July 1
"The yen's rise is putting the brakes on sales to foreign tourists and falling share prices are cooling the appetite for purchases among the wealthy," a retailer said in the survey
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  • Monthly poll of 509 big and mid-sized firms
  • Conducted June 6-16
  • 258 firms respondeded
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