BOJ Q2 Tankan: Large Manufacturing Index: 6 (4 expected)

1 July 2016, 05:54
Sherif Hasan
0
19

The Bank of Japan's Tankan Survey. Its a survey of manufacturing and service companies designed to assess business conditions in Japan. The BOJ Tankan is conducted quarterly.

  • Tankan Large Manufacturing Index, 6 (expected 4, prior 6 )
  • Tankan Large Manufacturing Outlook, 6  (expected 3, prior was 3)
  • Tankan Large Non-Manufacturing Index, 19  (expected is 19, prior was 22)
  • Tankan Large Non-Manufacturing Outlook,  17 (expected is 17, prior was 17)
  • Tankan Large All Industry Capex: 6.2% (expected is +5.3%, prior was -0.9%)
  • Tankan Small Mfg Index: -5 (expected -6, prior was -4)
  • Tankan Small Mfg Outlook: -7 (expected -8, prior was -6)
  • Tankan Small Non-Mfg Index: 0 (expected 1, prior was 4)
  • Tankan Small Non-Mfg Outlook: -4 (expected -2, prior was -3)
  
A few beats there amongst the large firms. As I commented earlier, this survey was conducted prior to the Brexit vote last week (the BOJ tells us that around 70% of the resonses were in by June 13). If it was taken this week instead I imagine sentiment wouldn't have been quite so chipper.
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